Bursa opens lower on profit taking

Estimate Reading Time: < 1 minute

KUALA LUMPUR (Aug 27): Bursa Malaysia opened lower today as profit taking began to emerge following five consecutive days of strong gains.

-Advertisement-

The market also adopted a cautious tone ahead of the announcement on the country’s Cabinet line-up today.

At 9.05am, the benchmark FBM KLCI had eased 8.43 points to 1,577.31 from yesterday’s close at 1,585.74.

The market bellwether opened 2.84 points weaker at 1,582.90 today.

-Advertisement-

Market breadth was negative with losers leading gainers 237 to 152, while 277 counters were unchanged, 1,593 untraded and 65 others suspended.

Turnover stood at 197.8 million shares worth RM98.89 million.-BERNAMA