Bursa Malaysia volatile in early trade

TheStar Tue, Jun 28, 2022 09:09am - 1 year View Original


KUALA LUMPUR: Bursa Malaysia traded sideways in early trade on lack of fresh leads, amid negative sentiment.

At 9.09am, the index added 0.21 of-a-point to 1,438.33. It opened 0.86 of a point at 1,438.98.

Overnight, the Dow Jones Industrial Average fell 0.20% to end at 31,438.26.The S&P 500 and Nasdaq Composite dropped 0.30% and 0.72% to end at 3,900.11 and 11,524.55 respectively.

Rakuten Trade Sdn Bhd is cautiously optimistic on the performance of local stocks in the near term given the improvement of regional sentiment while valuation of the benchmark index remains attractive as compared with its regional peers.

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