FBM KLCI retraces lower on US market weakness, oil counters jump


KUALA LUMPUR: Bursa Malaysia started on a soft note on Monday, as expected, as the market retraced following the rally over the previous week and US equities sharply declined on worries over a brewing Russia-Ukraine conflict.

However, the Bursa Malaysia Energy Index jumped 3% to 812.18 as crude oil prices rallied further amid the growing possibility of armed conflict in the Ukraine.

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Bursa Malaysia , FBM KLCI , equities

   

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