KUALA LUMPUR: Bursa Malaysia was slightly lower in early trade today, in line with a muted Wall Street performance overnight and a mixed regional performance.
This is because the annual rise in underlying, or core inflation, was the smallest in nearly two years. He said the market also continued to worry about China’s economic recovery despite developer Country Garden, one of the biggest real estate developers in the country, obtaining a temporary reprieve from its creditors to delay bond payments.
At 9.09am, the FTSE Bursa Malaysia KLCI fell 5.72 points to 1,447.82 from yesterday’s close of 1,453.54.Gainers outnumbered decliners by 167 to 135, while 241 others were unchanged, 1,791 untraded, and nine suspended.Bursa heavyweights Petronas Chemicals eased 10 sen to RM7.12, Dialog was 2 sen weaker at RM2.16, Public Bank was flat at RM4.14 and CIMB added 1 sen to RM5.71.