KUALA LUMPUR: After the retail investor driven rebound on Bursa Malaysia on Thursday, blue chips made a slight retreat with some mild profit taking of Genting, Genting Malaysia and Public Bank in early Friday trade.
At 9.20am, the FBM KLCI was down 1.16 points or 0.07% to 1,610.95. Turnover was 1.58 billion shares valued at RM528.33. There were 346 gainers, 300 losers and 379 counters unchanged.
Bloomberg reported Asian equities kicked off Friday in a cautious fashion as investors assessed valuations following the rapid rise in global stocks this month and the enduring pandemic in parts of Europe and the US. Oil retreated amid rising tensions with Opec+ members.
Australian and South Korean shares opened with declines, while Japan edged up, while the MSCI Asia Pacific Index remained on course for a 12% November surge. S&P 500 contracts dipped and Treasuries advanced.
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