Investors stay cautious ahead of economic data release

KUALA LUMPUR: Bursa Malaysia stayed slightly positive as investors remained cautious ahead of the release of the country's 2Q economic growth later this week.

At 12.30pm, the FBM KLCI was up 1.77 point to 1,497.8.

There was an even market breadth with 340 gainers compared with 340 decliners. Trading volume was 1.51 billion shares valued at RM604.31mil.

There was mild optimism on the market given the recent return of foreign investors to the market.

Maybank rose two sen to RM8.90, Public Bank added two sen to RM4.66, Hong Leong Bank climbed 14 sen to RM20.96, CIMB rose two sen to RM5.30 and RHB was up three sen to RM5.93.

Press Metal however turned negative with a six sen decline to RM4.69 and PETRONAS Chemicals was unchanged at RM8.73.

Of actives, G3 was up 0.5 sen to 4.5 sen, Metronic flat at 6.5 sen and MYEG rose 0.5 sen to 79 sen.

In major Asian markets, prices were mixed as investors put in their bets ahead of US economic data that will shed more light on global cost pressures and further US interest rate hikes.

Japan's Nikkei was down 0.9% to 27,983, South Korea's Kospi rose 0.4% to 2,502 and China's composite index gained 0.3%.

Hong Kong's Hang Seng climbed 0.9% to 20,228 while Australia's ASX200 was up 0.1% to 7,025.

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Bursa Malaysia , FBM KLCI , equities


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