Bursa Malaysia’s key index declined more than 17 points early this week as investor risk appetite softened amid geopolitical tensions in the Middle East, analysts said, with selling seen across various blue-chip stocks.
Among gainers were Petronas Chemicals and Hibiscus Petroleum, while major losers included Nestle (M) and Fraser & Neave as market breadth remained mixed.
Analysts advised investors to monitor defensive stocks and global developments closely, as continued geopolitical uncertainty may sustain volatility in local markets.
U Mobile and TM have begun their 5G collaboration efforts.
Malaysia’s reserves stand at US$126.6 billion.
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