KUALA LUMPUR – Bursa Malaysia opened slightly but retreated thereafter on continued profit-taking taking in selected technology, as well as consumer products and services counters, a dealer said.
At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 4.34 points to 1,573.98 from yesterday’s close of 1,578.23.
The index opened 0.43 of-a-point better at 1,578.75.
Market breadth was negative with losers leading gainers 293 to 173, while 321 counters were unchanged, 1,378 untraded and 13 others suspended.
Turnover stood at 428.69 million units worth RM191.08 million.
Meanwhile, the ringgit lost its ground against the US dollar at the opening today, as the greenback surged after the US Federal Reserve hinted at raising interest rates in 2023.
At 9am, the local note fell to 4.1360/1385 versus the greenback, erasing 0.5%, or 205 basis points (bps), from 4.1155/1180 at yesterday’s close. – Bernama, June 17, 2021
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