KUALA LUMPUR – Bursa Malaysia opened higher, but subsequently turned lower amid cautious sentiment in the broader market, as daily Covid-19 cases remain above 10,000.
Malaysia yesterday recorded 10,710 fresh infections and 153 deaths.
At 9.08am, the benchmark FTSE Bursa Malaysia KLCI shed 1.67 points to 1,520.81 from 1,522.48 at the close on Friday.
The index opened 0.19 of-a-point higher at 1,522.67.
Market breadth was negative, with losers leading gainers 207 to 169, while 301 counters were unchanged, 1,565 untraded and 10 suspended.
Meanwhile, the ringgit extended its downtrend last week to open weaker against the US dollar today due to the continuing lack of buying interest, as investors remain concerned over the surge in the Covid-19 cases, said traders.
At 10am, the local note eased to 4.2150/2160 versus the greenback from the close of 4.2040/2070 on Friday. – Bernama, July 19, 2021
