KUALA LUMPUR (May 30): Bursa Malaysia opened lower on Monday (May 30) with the key index falling 0.81%, weighed down by selected heavyweights. At 9.05am, the FBM KLCI had decreased 1.26 points to 1,545.50 from last Friday’s close at 1,546.76. Rakuten Trade Sdn Bhd, in a note, said sellers took a breather as Wall Street closed broadly higher, buoyed by slowing inflation news and strong retail earnings. The Dow Jones Index Average ended 576 points higher, while the Nasdaq jumped by 390 points. “Reflecting the rally on Wall Street, we, however, reckon that the index will possibly trend higher today (Monday) as the regional performance is expected to see an upswing.

Source: The Edge Markets May 30, 2022 05:53 UTC