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KL shares open slightly higher

written by Bella Palmer
KL shares

Bursa Malaysia opened marginally higher this morning but eased momentarily before picking up momentum again.

At 9am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.92 of-a-point better at 1,756.55 but retreated slightly before rebounding 0.43 of-a-point to 1,756.06 at 9.05am.

The index finished at 1,755.63 on Thursday. Dealers said the market was undergoing a consolidation phase in the absence of fresh leads. Maybank Investment Share Manager Teng Sew Ching said with mixed US markets overnight and uncertainty over European Central Bank's tightening measures, the local bourse was expected to remain choppy.

Disclaimer:

The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

KL shares FTSE Bursa Malaysia KLCI

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