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Bursa opens slightly higher, but retreats thereafter » The Capital Post

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EconomicENG

Bursa opens slightly higher, but retreats thereafter

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By Meharaj Paramasiwam 0 0
Estimate Reading Time: < 1 minute

KUALA LUMPUR (July 27): Bursa Malaysia opened marginally higher but declined within minutes of trading, reflecting investors’ concerns about a potential interest rate hike by the US Federal Reserve during its meeting later on Wednesday (July 27), a dealer said.

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At 9.15am, the FBM KLCI had fallen 2.51 points to 1,461.18 from Tuesday’s close at 1,463.69.

The benchmark index opened 0.44 point better at 1,464.13.

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On the broader market, losers led gainers 161 to 129, while 222 counters were unchanged, 1,778 untraded and 20 others suspended.

Turnover stood at 176.28 million units worth RM62.93 million.-BERNAMA

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