Bursa Malaysia succumbs to profit-taking pressure


KUALA LUMPUR: The rally on the FBM KLCI may have hit its peak for now as as investors took cash off the table on Friday amid diminishing hopes for a September rate cut following the release of a US jobless claims report.

At the start of trading, the key index was down 4.22 points to 1,624.96, tracking falls in all three major US stock indices.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Merdeka 118 Community Grants backs nine projects under Cycle 3
Trump hikes US global tariff rate to 15%
The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets

Others Also Read