Bursa Malaysia opens higher but retreated thereafter

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KUALA LUMPUR (Aug 12): Bursa Malaysia opened slightly higher but retreated thereafter as profit-taking started to emerge in selected heavyweights following the recent gains, dealers said.


At 9.28am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 6.53 points to 1,497.91 from Wednesday’s close of 1,504.44.

The index opened 0.85 of-a-point better at 1,505.29.


On the broader market, losers surpassed gainers 354 versus 169, while 318 counters were unchanged, 1,373 untraded and 21 others suspended.

Turnover stood at 553.52 million units worth RM297.07 million.-BERNAMA