KUALA LUMPUR – Bursa Malaysia extended yesterday’s losses to open easier today as overall investor sentiment remained cautious ahead of the overnight policy rate (OPR) announcement later today.
At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.13 points to 1,570.54 from yesterday’s close of 1,575.67.
The barometer index opened 3.58 weaker at 1,572.09.
On the broader market, losers led gainers 321 to 165, while 297 counters were unchanged, 1,373 untraded and 15 others suspended.
Total volume stood at 470.74 million shares worth RM332.50 million.
Meanwhile, the ringgit reversed its gains to open slightly lower against the US dollar today, as traders were seen adopting a wait-and-see approach due to the enforcement of the movement control order 3.0, a dealer said.
At 9am, the local currency eased to 4.1170/1220 against the greenback from yesterday’s close of 4.1150/1200.
SPI Asset Management global managing partner Stephen Innes said the decline in oil price due to profit-taking after US oil product stocks increase also influenced the local note performance. – Bernama, May 6, 2021
