Bursa opens below 1,400 level

KUALA LUMPUR – Bursa Malaysia eased in early trade with the trading muted and dampened by a lack of market-moving news as traders cautiously await soon-to-be-released manufacturing index prints globally. 

Overnight Wall Street closed for Memorial Day, while China’s markets were affected by the fall in China’s industrial profits. 

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) went down 5.47 points to 1,399.46 compared with 1,404.93 at yesterday’s close. 

The barometer index opened 1.11 points higher to 1,406.04 and retreated hereafter. 

The broader market remained negative with decliners beating advancers 186 to 128, while 225 counters were unchanged, 1,725 untraded, and 60 others suspended. 

Turnover stood at 167.56 million units worth RM91.54 million. – Bernama, May 30, 2023