KUALA LUMPUR – Bursa Malaysia was lower in early trade today due to a prevalent risk-off mode as investors were cautious over the Covid-19 development in the country.
The downtrend can be seen across sectors except for the financial, construction and industrial products and services segments, which recorded marginal gains.
At 9.09am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.86 of-a-point easier at 1,547.45 from yesterday’s close of 1,548.31.
The market bellwether opened 1.01 points lower at 1,547.30.
On the broader market, losers surpassed gainers 184 to 167, while 244 counters were unchanged, 1,621 untraded and 61 others suspended.
Turnover stood at 307.35 million units worth RM112.54 million.
The ringgit opened slightly lower against the US dollar today as the demand for goods and services in the United States boosted the greenback, a dealer said.
At 9.03am, the local note declined to 4.1540/1590 versus the US dollar from 4.1510/1530 at yesterday’s close.
ActivTrades trader Dyogenes Rodrigues Diniz said the dollar had strengthened after the recently released US Consumer Confidence data reported higher-than-expected numbers. – Bernama, June 30, 2021
