KUALA LUMPUR: Bursa Malaysia extended yesterday’s downtrend this morning while the ringgit opened almost flat, tracking Wall Street’s decline after a choppy session amid growing concerns of a recession in the US.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.29%, or 4.33 points, to 1,472.76 from Monday’s closing of 1,477.09.
The market bellwether opened 3.36 points easier at 1,473.73.
On the broader market, decliners led advancers 153 versus 122, while 210 counters were unchanged, 1,753 untraded and 12 others suspended.
Turnover stood at 169.51 million units worth RM52.98 million.
Meanwhile the ringgit took a breather from yesterday’s rally to open almost flat against the US dollar this morning, with support for the local currency remaining positive.
At 9.05am, the local currency was traded at 4.4295/4.4365 against the greenback compared with 4.4250/4.4300 at the close on Monday.
