KUALA LUMPUR, Sept 7 (Bernama) -- Bursa Malaysia traded higher on Monday, supported by renewed buying interest in selected banking and telecommunications heavyweights, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.69 points, or 0.39 per cent, to 1,714.79, compared with Friday’s close of 1,708.10. The benchmark index opened 1.60 points higher at 1,709.70 and fluctuated between 1,708.26 and 1,715.29 throughout the trading session. The broader market, however, was negative with losers outpacing gainers 611 to 488, while 580 counters were unchanged, 1,109 untraded and 25 suspended. Turnover declined to 3.60 billion units valued at RM2.45 billion from 4.33 billion units valued at RM2.98 billion on Friday.
Asian equities retreated on Friday as investors turned cautious, locking in gains after a strong global rally while awaiting clearer signals on a potential US-Iran ceasefire extension . Regional Stocks Slip After Multi-Day Rally The MSCI Asia-Pacific Index fell 0.8% , snapping a three-day winning streak . Key markets across the region also declined: Topix -1.1% Hang Seng Index -0.8% Shanghai Composite -0.2% The pullback comes after a 10-day global rally that pushed equities to record highs, leaving markets vulnerable to short-term profit-taking . Oil Prices Ease as Ceasefire Hopes Persist Crude prices declined as optimism over diplomacy improved: Brent crude fell 1.1% to ~US$98 per barrel WTI crude dropped 1.6% to ~US$93 per barrel The easing reflects expectations that a ceasefire could reopen the Strait of Hormuz , restoring oil flows and reducing inflation pressures. Markets ...