Bursa retreats shortly after opening higher

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KUALA LUMPUR (July 19): Bursa Malaysia opened higher but had subsequently turned lower amidst cautious sentiment in the broader market as the daily COVID-19 tally remained above 10,000 cases.


On Sunday, Malaysia recorded 10,710 new positive cases, with 153 deaths.

At 9.08 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 1.67 points to 1,520.81 from Friday’s close of 1,522.48.


The index opened 0.19 of-a-point higher at 1,522.67.

Market breadth was negative with losers leading gainers 207 to 169, while 301 counters were unchanged, 1,565 untraded and 10 others suspended.-BERNAMA