KUALA LUMPUR – Bursa Malaysia opened lower in early trade today, as a result of mild profit-taking and mixed performance on the global front, a dealer said.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 1.45 points to 1,543.59 after the key index closed at 1,545.04 yesterday.
The index opened 0.31 of-a-point weaker at 1,544.73.
On the broader market, gainers led losers 136 to 106, while 182 counters were unchanged, 1,887 untraded and 53 others suspended.
Turnover stood at 81.02 million units valued at RM41.57 million.
Meanwhile, the ringgit rose against the United States dollar at the opening today, as the US Dollar Index fell 0.3% to 95.910 points with risk-on mode becoming more prevalent, an analyst said.
At 9am, the local note widened 115 basis points to 4.1685/1725 versus the greenback from 4.1800/1805 at Wednesday’s close.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the Dow Jones Industrial Average closed at an all-time high of 36,488 points while the 10-year United States Treasury yields were almost seven basis points higher to close at 1.55% last night. – Bernama, December 30, 2021
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