Investors take profit, track Wall St decline


KUALA LUMPUR: Investors started the day with a flurry of profit-taking following yesterday's rally, which was fuelled by Brent crude's intraday breach of the US$80 a barrel mark.

At 9.05am, the FBM KLCI was down 8.36 points to 1,538.46, dragged lower by a downturn in investor sentiment as Wall Street markets fell sharply overnight on the back of a spike in Treasury yields.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Bursa Malaysia , FBM KLCI , equities

   

Next In Business News

Ringgit rebounds to end higher vs US dollar
BHIC unit bags RMN submarine contract from Mindef worth RM43.6mil
Sapura Energy appoints Ganesh Gunaratnam as new CFO effective June 1
Capital A formulating regularisation plan to address PN17 status
Ajinomoto declares special dividend of RM2.12 from land sale
Epicon uplifted from PN17 status
Lotte Chemical Titan’s 1Q net loss narrows to RM178mil
Pasukhas gets data centre construction job worth RM56.98mil
FBM KLCI bucks regional downtrend
Indonesia's inflation rate eases slightly in April

Others Also Read