KUALA LUMPUR, Feb 4 ― Bursa Malaysia opened higher but turned lower in the early trading session as investors were cautious amid mixed sentiment across the regional markets, an analyst said.
Market breadth was negative with losers leading gainers 202 to 170, while 216 counters were unchanged, 1,618 untraded and 23 others suspended.Malacca Securities Sdn Bhd expects regional stock markets to remain fragile following another round of selloffs on Wall Street led by Meta on the back of poor earnings, which may eventually spill over into stocks on the local front.
Regionally, Singapore’s Straits Times Index rose 0.08 per cent to 3,318.14, Hong Kong’s Hang Seng Index gained 2.48 per cent to 24,392.86, while Japan's Nikkei 225 eased 0.04 per cent to 27,230.77. As for the actives, Dagang NeXchange inched up three sen to RM1.01, AHB stayed flat at 14 sen, and Bumi Armada gained 1.5 sen to 56.5 sen.