KUALA LUMPUR – Bursa Malaysia opened higher today but retreated thereafter, after a strong showing in the past two days, despite overnight US stocks’ solid performance.
Investors on Wall Street reacted positively to the news that US lawmakers are nearing a coronavirus relief deal, and the Federal Reserve indicated that most officials expect rates to remain near zero for years, said dealers.
At 9.08am, the benchmark FTSE Bursa Malaysia KLCI was 5.24 points lower at 1,676.17, compared with Wednesday’s close of 1,681.41.
It opened 2.86 points better at 1,684.27.
The overall market breadth was also negative, as losers led gainers 280 to 257, while 415 counters were unchanged, 1,191 untraded and 45 suspended.
Volume stood at 596.75 million units worth RM233.25 million. – Bernama, December 17, 2020
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