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Bursa Malaysia opens lower as investors remain cautious » The Capital Post

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EconomicENG

Bursa Malaysia opens lower as investors remain cautious

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By Meharaj Paramasiwam 0 0
Estimate Reading Time: < 1 minute

KUALA LUMPUR (Sept 19): Bursa Malaysia resumed on a low note today after the long Malaysia Day weekend, as investors remained cautious following further losses on Wall Street on Friday due to persistent concerns over the United States (US) Federal Reserve’s rate hike, a dealer said.

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At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 14.50 points to 1,452.81 from Thursday’s close of 1,467.31.

The benchmark index opened 7.80 points lower at 1,459.51.

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On the broader market, losers outpaced gainers 347 to 102, while 256 counters were unchanged, 1,668 untraded and 17 others suspended.

Turnover stood at 250.12 million units worth RM178.96 million.-BERNAMA

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