KUALA LUMPUR, Oct 30 — Bursa Malaysia opened slightly lower amid cautious sentiment in view of heightened volatility on Wall Street and global currencies versus the US dollar,...
At 9.05am, the FTSE Bursa Malaysia KLCI eased 0.60 of a point to 1,441.30 from Friday’s closing of 1,441.90. ― Bernama picKUALA LUMPUR, Oct 30 — Bursa Malaysia opened slightly lower amid cautious sentiment in view of heightened volatility on Wall Street and global currencies versus the US dollar, said a dealer.
As a result, the Dow Jones Industrial Average lost 367 points while the Nasdaq managed to stay above water, adding 47 points , supported mainly by Amazon while the US 10-year yield remains stubbornly high at 4.845 per cent.“We believe trading activities on the local bourse may remain muted as we head towards the third quarter 2023 results season.Meanwhile, crude oil prices rebounded with Brent crude closing above the US$90 per barrel level again on the prevailing tension in the Middle East.
Of the actives, Asdion declined one sen to eight sen, Key Asic decreased 1.5 sen to 7.5 sen, Tanco was flat at 57.5 sen and Mestron gave up half-a-sen to 45 sen. The FBM 70 Index was 2.91 points higher at 14,000.62 and the FBM ACE Index gained 23.49 points to 5,061.76.
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