Bursa Malaysia opens higher, but retreats thereafter
| Published date | 23 December 2022 |
| Publication title | ASEAN Tribune |
23 December 2022 (NAM NEWS NETWORK) KUALA LUMPUR- Bursa Malaysia, the stock exchange of Malaysia, opened slightly higher Friday but retreated within minutes, taking its cue from the Wall Street which tumbled overnight on concerns over more rate hikes by the United States Federal Reserve, said an analyst.
At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 0.33 per cent or 4.86 points to 1,463.49 from Thursday's closing of 1,468.35.
The market bellwether opened 0.81 points better at 1,469.16.
On a broader market, decliners...
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