Bursa Malaysia opens lower on profit-taking

KUALA LUMPUR – Profit-taking activities in blue chips after yesterday’s advance dragged Bursa Malaysia’s main index to open lower.

At 9.05am, the FTSE Bursa Malaysia KLCI fell 2.86 points to 1,417.49 from yesterday’s close of 1,420.35.

The main index opened 2.54 points lower at 1,417.81.

Market breadth, however, was positive as gainers beat decliners by 188 to 104, while 203 counters were unchanged, 1,796 untraded, and 75 others suspended.

Turnover stood at 200.86 million units worth RM76.42 million.

Meanwhile, the ringgit opened lower against the greenback as the US dollar index was slightly higher by 0.20% to 102.64 overnight, said an analyst. 

At 9am, the local note fell to 4.4170/4220 versus the US dollar compared with yesterday’s closing rate of 4.4155/4210. – Bernama, March 30, 2023