KUALA LUMPUR – Bursa Malaysia opened broadly lower today, tracking the decline on Wall Street overnight on recessionary fears and spiking interest rates as sentiment remained jittery, a dealer said.
At 9.11am, the benchmark FTSE Bursa Malaysia KLCI fell 9.94 points to 1,396.06 from Friday’s close of 1,406.00.
The market was closed yesterday, which was the replacement public holiday for the Maulidul Rasul celebration.
The benchmark index opened 5.42 points lower at 1,400.58.
On the broader market, losers surpassed gainers 200 to 42, while 59 counters were unchanged, 2,058 untraded and 17 others suspended.
The ringgit opened lower against the US dollar this morning following the better-than-expected non-farm payroll data for September, which further attests to the scenario of a strong economic recovery in the United States, said a dealer.
At 9am, the local currency dropped to 4.6660/6680 against the greenback from Friday’s close of 4.6480/6520. – Bernama, October 11, 2022
