Bursa extends downtrend

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KUALA LUMPUR (July 30): Bursa Malaysia extended its losses to open lower today amid uncertainties surrounding the market.

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The local bourse bucked the performance of regional peers, which took their cue from the better overnight performance on Wall Street, a dealer said.

At 9.05am, the benchmark FBM KLCI had slipped 9.46 points to 1,503.47 from yesterday’s close at 1,512.93.

The index opened 0.95 of a point easier at 1,511.98.

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On the broader market, losers led gainers 214 versus 112, while 237 counters were unchanged, 1,643 untraded and 64 others suspended.

Turnover stood at 200.26 million units worth RM108.97 million.-BERNAMA