Bursa Malaysia seen set for worst day of 2024 as US recession alarm grows

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KUALA LUMPUR, Aug 5 — Bursa Malaysia opened lower today, tracking Wall Street’s weaker performance on Friday night as se...

Sector-wise, the Financial Services Index lost 236.35 points to 17,995.23, the Construction Index was down by 15.58 points to 269.44, the Healthcare Index declined 54.12 points to 1,946.32 and the Plantation Index ticked down by 69.14 points to 7,074.47.

Nonetheless, he reckoned that overall sentiment might have turned cautious and anticipated some bargain hunting to resurface albeit tentatively.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaUnited States

Topics: Share market Stocks US recession Bursa Malaysia Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 10:08:44 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 21924406

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