Business

Bursa opens higher but eases afterwards

Investors cautious about global economic outlook despite optimism on Covid-19 vaccine lending support to market

Updated 5 years ago · Published on 16 Nov 2020 9:37AM

Bursa opens higher but eases afterwards
At 9.15am, the FBM KLCI eases 0.88 point to 1,588.81 after opening 3.66 points higher at 1,593.35. – Facebook pic, November 16, 2020

KUALA LUMPUR – Bursa Malaysia opened higher today, but retreated afterwards, as some investors remain cautious about the global economic outlook despite optimism on the Covid-19 vaccine lending support to the market.

At 9.15am, benchmark index FTSE Bursa Malaysia KLCI eased 0.88 point to 1,588.81 after opening 3.66 points higher at 1,593.35.

Gainers led losers 403 to 245, while 382 counters were unchanged, 1,134 untraded and 19 suspended.

Total volume stood at 1.71 billion worth RM465.69 million. – Bernama, November 16, 2020

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