Bursa Malaysia Opens Lower Amid Wall Street’s Record Gains
KUALA LUMPUR, Bursa Malaysia opened marginally lower on Monday as some investors engaged in profit-taking, reflecting cautious sentiment across regional markets, despite last week’s record gains on Wall Street, according to an analyst. At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.67 of-a-point to 1,659.42, down from last Friday’s close of 1,660.09. The benchmark index had initially opened 1.80 points higher at 1,661.89. Across the broader market, decliners slightly outnumbered advancers, with 258 stocks declining compared to 219 advancing. There were 304 counters unchanged, 1,701 untraded and 79 suspended. Turnover totalled 263.49 million units, valued at RM149.81