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Bursa Malaysia Opens Higher but Retreats Amid Mixed Market Sentiments

Bursa Malaysia opened slightly higher but declined due to selling pressure on heavyweight stocks and mixed sentiments in the Asian market.

The FTSE Bursa Malaysia KLCI decreased by 2.51 points to 1,399.97. Decliners outnumbered advancers in the broader market, with turnover at 287.93 million units worth RM186.64 million. Malaysia's inflation rate and positive GDP data from the United States may lead to bargain hunting activities.

In commodities, Brent crude oil and crude palm oil prices decreased, while gold prices pulled back. Among heavyweights, Maybank and Public Bank increased, while Tenaga Nasional and CIMB Group were relatively stable.


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