KUALA LUMPUR – Bursa Malaysia opened lower this morning, tracking Wall Street’s weaker performance overnight.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI eased 4.16 points to 1,521.08 from yesterday’s close of 1,525.24.
The index opened 0.56 of a point lower at 1,524.68.
On the broader market, losers outpaced gainers 230 to 113, while 252 counters were unchanged, 1,603 untraded and seven suspended.
The ringgit, too, opened lower against the United States dollar due to easier oil prices and the strengthening greenback, following strong demand for the US Treasury’s US$27 billion (RM114.4 billion) 20-year bond sale.
At 9am, the local note stood at 4.2370/2395 versus the dollar from 4.2350/2390 at the close yesterday. – Bernama, August 19, 2021
