sòng bạc trực tuyến(www.vng.app):Bursa stays broadly positive ahead of US CPI

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KUALA LUMPUR: The domestic market started broadly higher although the benchmark index showed some profit-taking activity following three days of advances.

At 9.05am, the number of gainers on Bursa Malaysia outpaced decliners 167 to 90.

However, the FBM KLCI was down 0.82 points to 1,497.14.

Trading volume on the market was 220.36 million shares valued at RM58.7mil.

The US consumer price index for August is scheduled to be released later tonight, with expectations that the escalation of prices had slowed over the month on easing oil and gas prices.

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However, investors continue to speculate whether a potential cooling off would be enough for the US Federal Reserve to ease up on its aggressive interest rate hikes.

Back home, Malacca Securities Research opined that the sentiment was turning positive as regional markets and Wall Street are in rebound mode ahead of the US inflation data.

"We think the investors may shrug off inflationary concerns and turn their focus to the upcoming Budget 2023 which will be tabled in October," it said in its daily market outlook.

PETRONAS Chemicals fell nine sen to RM8.80, Tenaga Nasional dropped three sen to RM8.75 and Sime Darby Plantation slid two sen to RM4.30.

Bank remained mostly positive with Maybank rising two sen to RM9.01, CIMB gaining three sen to RM5.50 and RHB adding four sen to RM5.83.

Among leading actives, CSH dropped 0.5 sen to four sen, Impiana fell one sen to 1.5 sen and Aimflex gained 0.5 sen to 13.5 sen.


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