KUALA LUMPUR – Bursa Malaysia opened easier today after four consecutive days of gains due to profit-taking, despite Wall Street’s overnight rally that saw the Dow Jones closing at a record high.
This follows news that United States consumer prices increased by 0.4% last month, easing inflation concerns, said dealers.
At 9.07am, the benchmark FTSE Bursa Malaysia KLCI slipped 5.64 points to 1,634.19 from yesterday’s close of 1,639.83.
The key index opened 3.10 points easier at 1636.73.
On the broader market, however, gainers outpaced losers 343 to 199, while 347 counters were unchanged, 1,314 untraded and 17 suspended.
Total volume stood at 624.48 million units worth RM279.89 million.
Meanwhile, the ringgit opened higher against the US dollar due to a weaker greenback, said an analyst.
At 9am, the local note improved to 4.1180/1230 against the dollar from 4.1250/1280 at yesterday’s close.
Axi chief global market strategist Stephen Innes said the greenback eased following the slightly lower US bond yields yesterday. – Bernama, March 11, 2021
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