KUALA LUMPUR – Bursa Malaysia opened easier today, tracking the overnight losses on US equities with investors chewing over global economic recovery.
The local bourse trend was in line with its regional peers.
Hong Kong’s Hang Seng slipped 1.13% to 28,966.03, Japan’s Nikkei down 0.83% to 28,816.86 and China’s SSE index shed 0.36% to 3,584.21.
At 9.03am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 6.31 points, or 0.39%, to 1,584.26 from 1,590.57 at yesterday’s close.
The index opened 0.27 points lower at 1,590.30.
Market breadth was negative with losers slightly above gainers 183 to 175, while 237 counters were unchanged, 1,547 untraded and 12 others suspended.
Total volume stood at 367.57 million units worth RM111.88 million.
Meanwhile, the ringgit opened lower against the US dollar today, as economic data from the US signal solid recovery in the country, a dealer said.
At 9.01am, the local currency declined to 4.1310/1350 against the greenback from yesterday’s close of 4.1235/1250.
ActivTrades trader Dyogenes Rodrigues Diniz said strong economic recovery has been seen since a large number of people have already been vaccinated in the US and demand for all goods and services has grown rapidly. – Bernama, June 4, 2021
