KUALA LUMPUR, March 10 — Bursa Malaysia opened lower today, taking its cue from the Wall Street’s slide overnight on concerns of bigger rate hikes in the United States (US) and...
KUALA LUMPUR, March 10 — Bursa Malaysia opened lower today, taking its cue from the Wall Street’s slide overnight on concerns of bigger rate hikes in the United States and weakness in the regional markets.
The brokerage expects global sentiments to remain on the edge ahead of the United States nonfarm payroll data to be released later today. It added that Wall Street’s negative performance may lead to further selldown in the technology stocks on the local front.“However, the tourism and aviation sectors may gain traction amid the reopening theme,” it said.
Among the actives, Cape EMS rose 49 sen to RM1.39, Hong Seng Consolidated was one sen firmer at 15.5 sen, AwanBiru Technology rose by 1.5 sen to 46 sen and Eden Inc added half-a-sen to RM1.80, while Vinvest Capital remain unchanged at 22.5 sen.
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