Bursa opens lower on cautious mode, ringgit flat against US dollar

KUALA LUMPUR – Bursa Malaysia opened lower today as investors remain cautious, taking cue from overnight performance on Wall Street amid mixed performance in regional peers, a dealer said.

At 9.05am, the FTSE Bursa Malaysia KLCI fell 5.63 points to 1,451.11 from Friday’s close of 1,456.74.

The benchmark index opened 2.34 points lower at 1,454.40.

On the broader market, losers led gainers 179 to 92, while 200 counters were unchanged, 1,813 untraded and 18 others suspended.

Turnover stood at 188.42 million units worth RM81.12 million.

The ringgit opened flat against the US dollar today on a lack of fresh buying interest, said a dealer.

At 9am, the local currency traded at 4.4000/4045 against the greenback from Friday's close of 4.4000/4040.

Bank Islam chief economist Mohd Afzanizam Abdul Rashid said the market will be looking for clues at the upcoming Federal Open Market Committee meeting in July. – Bernama, June 20, 2022