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Subdued market open as investors digest Budget announcement

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Markets Nieuws

Bursa Malaysia,FBM KLCI,Equities

AUSTIN, Texas (Reuters) - Ferrari last won a Formula One title in 2008 but Sunday's one-two win in the U.S. Grand Prix put the constructors' championship firmly in their sights.

KUALA LUMPUR: Bursa Malaysia sank slightly at Monday's open as there was a muted reaction to the Budget tabled last Friday.

It said, however, there was a bullish performance on Wall Street last Friday and the return of net foreign flows to support buying interest, although ongoing uncertainties remained. However, in early Monday trade, the sector was down 0.6% with declines in YTL Power, down four sen to RM3.48, and YTL Corp, shedding four sen to RM2.27.

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