Bursa edges lower in early trade amid mixed sentiment

KUALA LUMPUR (Aug 6): Bursa Malaysia was marginally lower in early trade today amid a mixed regional performance as concerns over local daily Covid-19 cases which reached a record high for the second day in a row yesterday continued to weigh on risk appetite.

However, positive sentiment on several states’ transition from Phase 2 to Phase 3 of the National Recovery Plan (NRP), coupled with positive overnight gains on Wall Street, helped to cushion the downtrend.

At 9.05am, the benchmark FBM KLCI had eased 0.65 of a point to 1,495.13 from yesterday’s close at 1,495.78.-BERNAMA