KUALA LUMPUR – Bursa Malaysia opened higher but retreated thereafter ahead of the release of Malaysia’s inflation data later today, keeping investors on the sidelines.
At 9.06am, the benchmark FTSE Bursa Malaysia KLCI fell 1.22 points to 1,597.10 from yesterday’s close of 1,598.32.
The barometer index opened 0.25 of-a-point easier at 1,598.07.
On the broader market, losers surpassed gainers 245 versus 122, while 232 counters were unchanged, 1,702 untraded and 25 others suspended.
Total turnover stood at 141.88 million worth RM72.11 million.
The ringgit slid further against the US dollar in early trade today on the back of a potential interest rate hike in the United States, said an analyst.
At 9.09am, the local note fell to 4.3045/3080 versus the greenback from yesterday’s close of 4.2875/2910. – Bernama, April 22, 2022
