Bursa Malaysia opens lower amid Asia’s stocks slip | Malay Mail

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KUALA LUMPUR, Oct 27 ― The local bourse opened lower almost across board today, tracking the performance of other Asia’s stocks following the sharp decline on Wall Street yesterday. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 2.62 points to 1,491.99 from 1,494.61 at...

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI declined 2.62 points to 1,491.99 from 1,494.61 at yesterday’s close after opening 2.50 points lower at 1,492.11. ― Picture by Hari Anggara

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI declined 2.62 points to 1,491.99 from 1,494.61 at Monday’s close after opening 2.50 points lower at 1,492.11. “As the local market tracks the movement of global stocks, it is expected that a slight bargain-hunting would occur at mid-day,” she said. This was due to the dimmed sentiment on prospects of a stimulus package to address the COVID-19 pandemic before the November 3 election.

 

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