KUALA LUMPUR: Bursa Malaysia opened mixed today amid Wall Street’s stronger performance overnight, a dealer said.
“As a result, the Dow Jones Industrial Average gained 135 points overnight while the Nasdaq added 79 points as the US 10-year yield eased to 4.657%. Back home, he expects buying in banking counters to persist, together with the telecommunication stocks after the strong profit-taking in the past month.
At 9.12am, the FTSE Bursa Malaysia KLCI slipped 1.8 points to 1,433.37 from yesterday’s closing of 1,435.17.However, on the broader market, decliners surpassed gainers 187 to 117, while 257 counters were unchanged, 1,781 untraded and 10 suspended.Among the heavyweights, Tenaga Nasional increased 2 sen to RM9.99, while Petronas Chemicals lost 4 sen to RM7.26, and Maybank, Public Bank and CIMB slid 1 sen each to RM8.88, RM4.12 and RM5.54, respectively.