KUALA LUMPUR – Bursa Malaysia was lower in the early trade as cautious sentiments abounded in the market ahead of US inflation data which will be released tonight.
At 9.10am, the FTSE Bursa Malaysia KLCI slipped by 3.53 points to 1,432.36 from yesterday’s close of 1,435.89.
The main index opened 1.13 points higher at 1,437.02.
However, the market breadth was positive as gainers edged past decliners 159 to 162, while 230 counters were unchanged, 1,712 untraded and 23 others suspended.
Turnover stood at 308.61 million units worth RM98.85 million.
The ringgit rebounded to open higher against the US dollar today, as investors are waiting for more clues on the pace of inflation in the US from the March consumer price index, said an analyst.
At 9am, the local note rose to 4.4145/4180 versus the greenback from yesterday’s closing rate of 4.4160/4210. – Bernama, April 12, 2023
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