News Formal

Profit-taking drags Bursa Malaysia lower as banking and energy stocks dip

  • 📰 malaymail
  • ⏱ Reading Time:
  • 33 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 86%

Bursa Malaysia Closing News

Bursa Malaysia,Stocks

KUALA LUMPUR, Nov 11 — Bursa Malaysia closed lower on the first day of the trading week weighed by profit-taking in heavyweights, particularly Tenaga Nasional and banking...

High Court rules Malaysian Bar can’t challenge Pardons Board over Najib’s shortened SRC jail term, says board’s advice part of process leading to Agong’s pardon

At 5pm, the FTSE Bursa Malaysia KLCI fell 0.73 per cent or 11.98 points, to close at 1,609.26 compared with Friday’s close of 1,621.24. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said today’s sell-off was seen as an opportunity for bargain-hunting in severely beaten-down stocks, particularly blue chips, due to their more attractive valuations.

“Together, these factors have reignited concerns over the recovery pace in the world’s second-largest economy. “This is as investors remain cautious about the possibility of renewed trade tensions and disruptions to the global economic landscape,” Mohd Sedek added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia invites Chinese companies to list on Bursa Malaysia as innovation, new economy sectors riseHAINAN, Oct 20 — Malaysia remains open and welcoming to Chinese companies seeking to list on Bursa Malaysia whether for their first or second listing exercise, in line with both...
Source: malaymail - 🏆 1. / 86 Read more »