Cautious start for Bursa as PChem, Public Bank, Top Glove weigh

TheStar Thu, Jul 30, 2020 09:32am - 3 years View Original


KUALA LUMPUR: Bursa Malaysia got off Thursday on a cautious footing with Petronas Chemicals, Public Bank and Top Glove weighing on the FBM KLCI.

At 9.21am, the FBM KLCI was down 3.62 points or 0.22% to 1,607.80. Turnover was 1.74 billion shares valued at RM650.21mil. There were 319 gainers, 222 losers and 363 counters unchanged.

Asian stocks saw modest gains Thursday after a signal from the Federal Reserve that more stimulus will be provided pushed U.S. equities higher and weighed on the dollar, Bloomberg reported.

Shares climbed in Tokyo and Sydney with stocks in Seoul given an extra boost as earnings at Samsung Electronics Co. topped estimates.

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