Bursa

KUALA LUMPUR: Bursa Malaysia retreated from its gains last week to open lower on Monday due to cautious sentiments on the local bourse, taking its cue...

Sector-wise, the Plantation Index slid 4.62 points to 6,882.03, the Industrial Products and Services Index eased 1.23 points to 188.92 and the Energy Index lost 4.60 points to 891.77, while the Financial Services Index edged up 19.35 points to 16,132.72, - Bernama On the index board, the FBM Emas Index declined 22.38 points to 10,717.66, the FBMT 100 Index eased 20.39 points to 10,385.34, the FBM 70 Index reduced 31.30 points to 13,538.68, the FBM Emas Shariah Index lost 36.92 points to 11,009.49 and the FBM ACE Index was 46.64 points lower at 5,697.36. As for the actives, Iris and MYEG both slipped 1.5 sen to 12 sen and 59.5 sen, respectively, Zen Tech and its warrant decreased half-a-sen each to 3.0 sen and 1.5 sen, respectively, while Sapura Energy increased half-a-sen to 5.0 sen. Meanwhile, Bursa heavyweights Maybank gained 2.0 sen to RM8.77 and CIMB added 3.0 sen to RM5.40, while both Tenaga Nasional and IHH Healthcare lost 3.0 sen to RM9.74 and RM5.87, respectively, and Petronas Chemicals slid 7.0 sen to RM8.18. The Dow Jones Index Average rose by 169 points, but the Nasdaq lost 71 points as the US Treasury 10-year yield inched higher above the 3.74 per cent mark. As for commodities, despite improved output from the US, the crude oil price had increased with Brent crude edging above US$86 per barrel. Back home, broad-based bargain hunting finally emerged on the local bourse last week as investors snapped up banking and energy-related stocks. At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 2.73 points to 1,471.86 from Friday’s close of 1,474.59. The key index opened 0.13 points better at 1,474.72.