Lack of buying interest sends ringgit lower against dollar

KUALA LUMPUR – The ringgit opened lower against the United States dollar today on a lack of buying interest.

At 9am, the local note stood at 4.1870/1890 against the greenback from yesterday’s close of 4.1830/1855.

Bursa Malaysia, too, opened lower due to continued profit-taking in selected heavyweights, as sentiments remain weak on concerns about the bearish economic outlook.

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI fell 12.49 points to 1,537.39 from 1,547.65 at the close yesterday.

It opened 1.22 points lower at 1,546.43.

Market breadth was negative, with losers outpacing gainers 269 to 149, while 266 counters were unchanged, 1,623 untraded and 68 suspended.

Turnover stood at 395.03 million units worth RM190.34 million. – Bernama, September 30, 2021