KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.
Summary Copper rebounded sharply on Tuesday after a two-day slump, as the broader metals selloff eased and dip-buying emerged from China , the world’s largest copper consumer. While short-term momentum has softened, longer-term supply constraints are expected to keep prices elevated. What Happened Copper rose as much as 2% to US$13,148.50 per tonne This followed a 15% plunge from last Thursday’s record high Other industrial and precious metals also recovered part of recent losses On the London Metal Exchange , copper was up 0.5% at US$12,951 per tonne , while prices on the Shanghai Futures Exchange jumped 3.6% . Why Prices Rebounded The recovery was driven mainly by renewed buying from China : Investors stepped in after the sharp correction Fabricators and manufacturers restocked ahead of the Lunar New Year (starting Feb 16) Physical demand returned after weeks of staying on the sidelines Why the Rally Has Slo...