KUALA LUMPUR – Bursa Malaysia lost more ground at the opening today and is expected to trade in a consolidation mode as market sentiment remains cautious due to the absence of fresh catalysts amid lower crude oil and crude palm oil prices.
At 9.06am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) erased 1.66 points to 1,596.07 from yesterday’s close of 1,597.73 points.
The index was 1.01 points better at 1,598.74 at 9am.
On the broader market, gainers led losers 226 to 180, while 334 counters were unchanged, 1,492 untraded and 45 others suspended.
Total volume stood at 331.55 million shares worth RM137.4 million.
Meanwhile, the ringgit slid slightly against the greenback at the opening today, as safe-haven assets such as the US dollar continued to gain traction amid rising Covid-19 woes in Europe.
At 9am, the local note eased to 4.1460/1510 against the US dollar from 4.1440/1490 at Thursday’s close. – Bernama, March 26, 2021
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