Bursa opens slightly higher, but retreats thereafter

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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.


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.


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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