Bursa Malaysia closed marginally lower on Thursday (May 11), with cautious investor sentiment pushing the key benchmark index down for a third straight day. At 5pm, the FBM KLCI had eased by 0.04% or half a point to 1,425.18, from Wednesday’s close at 1,425.68.
Bursa Malaysia opened slightly higher on Wednesday (May 10) but subsequently retreated due to mild profit-taking in selected heavyweights, at the same time tracking the losses on Wall Street overnight as investors trade in a cautious mode ahead of key inflation reports later this week.
Bursa Malaysia was lower at the lunch break as investors likely remained in a cautious mode following a mild pullback on Wall Street overnight. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 5.15 points to 1,427.48 from Tuesday’s close of 1,432.63.
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DESPITE softness in the equity market, online brokerage Rakuten Trade Sdn Bhd sees opportunities. It is now vying for a slice of Malaysians’ investing dollars by offering first-time investors new trading capabilities and access to Bursa Malaysia and overseas markets at a fraction of what its peers are charging.