KUALA LUMPUR: Bursa Malaysia opened higher, but then turned lower thereafter, in line with regional peers and the weaker overnight performance on the Wall Street.
RHB Investment Bank Bhd in a note said the market was jittery as the US Federal Reserve held interest rates steady and showing little appetite to adjust them any time soon. On the broader market, losers led gainers 142 to 129, with 202 counters unchanged, 1,414 untraded and 18 others suspended.However, the losses were capped by gains in the index’s most heavily weighted counter, Maybank and selected oil and gas linked- blue chips as well as the finance-linked counters such as Petronas Chemicals, PetGas, Hong Leong Bank and Public Bank.
Of the actively-traded stocks, Bumi Armada, Sapura Energy were half-a-sen higher at 24 sen and 33 sen respectively, while ARB increased five sen to 58 sen.