Bursa trades choppy as Middle East tensions fuel oil caution

KUALA LUMPUR: Bursa Malaysia traded choppily in early dealings, with investor sentiment cautious amid external uncertainties, including tensions in Middle East and elevated oil prices, following the United Arab Emirates’ abrupt exit from Opec and its allies.

At 9.10am, the FTSE Bursa Malaysia KLCI eased 1.92 points, or 0.11%, to 1,718.50 from Wednesday’s close of 1,720.42.

The benchmark index opened 0.19 of-a-point lower at 1,720.23.

Market breadth was negative, with losers outpacing gainers 242 to 175. A total of 326 counters were unchanged, 1,929 untraded, and 77 suspended.

Turnover stood at 189.43 million shares worth RM101.98 million.

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Author: admin