KUALA LUMPUR: Bursa Malaysia made a cautious start on Tuesday following the previous day's rally, and ahead of the US presidential election.
The FBM KLCI was up 1.77 points ot 1,618.20 at the opening bell, but was unable to move higher than that as investors opted for the sidelines.
The major US stock indices edged lower overnight due to the prevailing caution over the outcome of the presidential race, while investors transitioned to safe-haven assets like US Treasuries.
Malacca Securities Research said the trading sentiment in Malaysia may favour export-drive sectors such as gloves and technology given the weaker ringgit environment.
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