KUALA LUMPUR – Bursa Malaysia opened broadly lower today amid weak sentiment due to the fluid political situation, with the key index falling below 1,500 points.
At 9.05am, the benchmark FBM KLCI shed 9.02 points or 0.60% to 1,496.09 from Friday’s close of 1,505.11.
The index opened 5.19 points weaker at 1,499.92.
On the broader market, losers hammered gainers 518 versus 44, while 207 counters were unchanged, 1,442 untraded and 19 others suspended.
Meanwhile, the ringgit opened lower against the US dollar influenced by the weak sentiment as investors retreated to the sidelines while awaiting political developments in the country today, said an analyst.
At 9am, the local note stood at 4.2410/2435 versus the greenback compared with 4.2365/2385 at Friday’s close. – Bernama, August 16, 2021
