KUALA LUMPUR – Bursa Malaysia opened slightly higher today but subsequently retreated due to mild profit-taking in selected heavyweights, at the same time tracking the losses in the Wall Street overnight as investors trade in a cautious mode ahead of key inflation reports later this week.
At 9.11am, the FTSE Bursa Malaysia KLCI eased by 0.39 points to 1,432.24 from yesterday’s close of 1,432.63.
The benchmark index opened 0.48 points firmer at 1,433.11.
In the broader market, decliners surpassed gainers 169 to 132, while 213 counters were unchanged, 1,728 untraded, and 23 others suspended.
Turnover stood at 213.94 million units worth RM88.75 million.
Meanwhile, the ringgit continued to remain on a downtrend against the US dollar in the early session today due to the prevailing risk-off mode.
At 9.20am, the local note slid to 4.4475/4500 versus the greenback from yesterday’s closing rate of 4.4460/4500. – Bernama, May 10, 2023
