Bursa and ringgit open slightly lower

BURSA Malaysia opened lower on lack of buying interest due to the absence of any positive catalysts, said an analyst.

As at 9.05am, the benchmark index TSE Bursa Malaysia KLCI (FBM KLCI) erased 4.31 points to 1,462.58 after opening 1.42 points lower at 1,465.47.

Losers overtook gainers 290 to 108, while 238 counters were unchanged, 1454 untraded and 20 others suspended.

Total volume stood at 225.11 million worth RM97.12 mil.

Similarly, the ringgit also opened slightly lower against the US dollar as cautious sentiment ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting scheduled for tomorrow, a dealer said.

At 9.05am, the local currency was traded at 4.1560/1600 versus the US dollar compared with last Friday’s close of 4.1530/1570. – Nov 2, 2020

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