Bursa Malaysia opened lower, mirroring weakness across regional markets as investors turned cautious following last week’s global selloff and renewed concerns over economic growth.
At 9.09am, the benchmark FBM KLCI dropped 13.63 points or 0.84% to 1,608.62, retreating from an early high of 1,609.38. The broader market was also in the red, with the FBM70 shedding 1.21% to 16,969.71, while the FBM Emas and FBM Shariah indices fell 0.96% and 1.03% respectively.
Market breadth was negative as decliners outpaced gainers, tracking the downtrend across Asia. The Straits Times Index (STI) in Singapore slid 1.24% at 9.17am, while Nikkei 225 futures weakened in early trade.
Among actives, Borneo Oil was flat at 0.005 sen with 183.6 million shares traded, TWL Holdings fell 0.005 sen to 0.025 sen, while Top Glove added 0.005 sen to 0.68 sen.
Related