Bursa Malaysia extends losses as caution prevails before US Fed decision

Quick Summary:

KUALA LUMPUR, Dec 17 — Bursa Malaysia opened lower today, extending yesterday’s losses as investors await the Federal Op...

As for the most active stocks, Vanzo added 3.5 sen to 18.5 sen, Zen Tech was flat at 1.0 sen, MYEG rose half-a-sen to 96.5 sen, MNC Wireless increased 2.0 sen to 13 sen, and JCY grew 1.0 sen to 52.5 sen.

Meanwhile, the United States (US) 10-year yield stayed elevated at 4.403 per cent, illustrating that the market may have priced in the highly anticipated rate cut by the US Federal Reserve.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongUnited States

Topics: Bursa malaysia opening

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 10:33:17 (5 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 14 lines

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Copyright Owner: © Malay Mail

News ID: 24580402

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