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.

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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.

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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