Bursa Malaysia opens almost flat

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Public Investment Bank Bhd in a research note said the shares of energy and communication services in the US left the market lower on Wednesday.

KUALA LUMPUR: Bursa Malaysia opened almost flat today in tracking the lower overnight performance of Wall Street as investors took profits, while digesting a mixed bag of corporate updates from big-name US stocks, dealers said.

While the tech-heavy Nasdaq Composite, which also closed at a record on Tuesday, broke above its previous intraday peak during the overnight session, but ultimately finished 0.2% lower. Among heavyweights, Maybank recovered two sen sen to RM9.16, while Public Bank and Petronas Chemicals were each flat at RM22.64 and RM9.03 respectively.For the most active counters, Bumi Armada dropped one sen to 26 sen, Ekovest gained one sen to 94.5 sen and VSolar was flat at 17.5 sen.

 

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