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Bursa Malaysia opened lower on Friday after a one-day break as a fall in Asian equities on Thursday dampened sentiment despite gains on Wall Street overnight.
Bursa Malaysia ended Wednesday's morning trading session lower, weighed down by selling activities in the broader market.
At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 5.62 points to 1,439.93 from Tuesday’s close of 1,445.55, after opening 4.69 points easier at 1,440.86.
Bargain hunting in plantation, healthcare, and finance-related counters lifted Bursa Malaysia at midday.
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.54 points, or 0.18% firmer, at 1,445.99 from Monday’s close of 1,443.45.
Bursa Malaysia opened marginally lower on Tuesday, in line with the weaker sentiment in regional bourses as investors remained concerned over the bearish economic outlook.
Bursa Malaysia retreated from its gains last week to close lower on Monday, due to profit-taking activities amidst mixed performance by regional markets, a dealer said.
Bursa Malaysia ended Monday's morning trading session lower as traders sold heavyweight counters, particularly in financial services and industrial products and services.
Bursa Malaysia was mixed in early trade on Monday, in line with a muted Wall Street performance last Friday and amid a mixed regional performance.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.81 points to 1,448.42 from last Friday’s close of 1,450.23.
Bursa Malaysia ended the week higher due to a positive regional performance, according to an analyst, breaking a four-day losing streak.
At 5pm on Friday, the FBM KLCI had risen 2.02 points to 1,450.23, from Thursday’s close at 1,448.21.
Bursa Malaysia ended Friday's morning trading session easier on lack of fresh catalysts as investors waited for more developments on the global economic front, said an analyst.
Bursa Malaysia opened lower, taking the cue from Wall Street’s weaker performance as traders digested the US Federal Reserve (Fed)'s comments of more rate hikes ahead of the final quarter of 2023, said an analyst.