KUALA LUMPUR, Oct 13 — Bursa Malaysia retreated from yesterday’s gains to open lower on Friday, taking the cue from Wall Street’s weaker performance overnight as the US...
On the broader market, decliners outpaced gainers 165 to 139, while 248 counters were unchanged, 1,803 untraded and 25 suspended. — Picture by Ahmad ZamzahuriKUALA LUMPUR, Oct 13 — Bursa Malaysia retreated from yesterday’s gains to open lower on Friday, taking the cue from Wall Street’s weaker performance overnight as the US consumer price index report for September showed no signs of weakening.
He said the Dow Jones Industrial Average declined 0.51 per cent overnight while the Nasdaq Composite dipped 0.63 per cent.“In Hong Kong, the Hang Seng Index surged 345 points underpinned by the emergence of Central Huijin which is part of China’s Sovereign wealth fund, mopping up shares of several banks, namely ICBC, Construction Bank, Bank of China and Agriculture Bank,” he told Bernama.
Among the heavyweights, Petronas Chemicals rose one sen to RM7.28, Maybank and Public Bank lost three sen to RM8.96 and RM4.15 respectively, CIMB slid four sen to RM5.62, while Tenaga Nasional was flat at RM10.00. On the index board, the FBM Emas Index shed 14.82 points to 10,681.49, the FBMT 100 Index gave up 14.53 points to 10,343.00, the FBM Emas Shariah Index decreased 4.06 points to 10,916.71, the FBM 70 Index inched down 0.69 of-a-point to 14,226.19, while the FBM ACE Index perked up 3.73 points to 5,181.50.
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