BURSA Malaysia opened lower today as investors took the cue from the overnight losses on Wall Street, with mild profit-taking spotted in the heavyweights.
At 9.09 am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) fell 16.17 points to 1,574.61 after opening 2.4 points easier at 1,588.38.
Losers thumped gainers 272 losers to 243, while 355 counters were unchanged, 1,300 untraded and 26 others suspended.
Total volume stood at 1.03 billion worth RM289.46 mil.
Meanwhile, the ringgit opened lower versus the US dollar Friday ahead of the third quarter gross domestic product (GDP) announcement later today and as a result of declining oil prices amid inventory build.
At 9.06 am, the local currency stood weaker at 4.13300/1370 against the greenback compared with Thursday’s close of 4.1280/1330.
Axi chief global market strategist Stephen Innes said traders are hoping for a more sobering decline in Q3 GDP at -7% from the 17.1% plunge in Q2. – Nov 13, 2020
