At 9.03am, the FTSE Bursa Malaysia KLCI shaved 0.18 of-a-point to 1,439.02 from Monday’s closing of 1,439.2. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, Oct 31 — Bursa Malaysia opened mixed on Tuesday on cautious market sentiment ahead of key interest rate decisions from major central banks, including the Bank of Japan today and the US Federal Reserve on Wednesday.
He also noted that Hong Kong’s Hang Seng Index was flattish due to weak earnings from major banks attributed to high impairment charges related to the weak Chinese property market.“ we reckon regional markets may take a cue today from Wall Street’s rally overnight, which will spill over to the local bourse. In view of this, we expect the FBM KLCI to hover within the 1,440 and 1,450 range; and expect some bargain hunting activities for contractors and telcos today,” he told Bernama.
CIMB gave up two sen to RM5.68, Petronas Chemicals lost three sen to RM7.25 while Tenaga slipped one sen to RM9.85. On the index board, the FBM Emas Index rose 6.06 points to 10,605.38, the FBMT 100 Index went up 4.87 points to 10,280.65 and the FBM Emas Shariah Index increased 12.14 points to 10,814.09.