KUALA LUMPUR – Bursa Malaysia opened lower today, taking its cue from Wall Street’s sharp selldown overnight after the United States posted a higher-than-expected inflation reading, an analyst said.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 11.08 points to 1,476.76 from yesterday’s close of 1,487.84.
The benchmark index opened 12.60 points lower at 1,475.24.
On the broader market, decliners trounced gainers 496 to 31, while 107 counters were unchanged, 1,717 untraded, and 13 others suspended.
Turnover stood at 209.85 million units worth RM106.46 million.
The ringgit slipped further to a fresh 24-year low against the US dollar at the opening today in line with most other regional currencies, as more investors shifted towards safe-haven assets.
At 9.05am, the local currency slid to 4.5200/5220 against the greenback from 4.5070/5085 at yesterday’s close. – Bernama, September 14, 2022
