KUALA LUMPUR, Oct 15 — Bursa Malaysia opened lower on Thursday, tracking losses on Wall Street, as hotter-than-expected US inflation and renewed expectations of further Federal Reserve (Fed) monetary tightening weighed on investor sentiment and threatened to dampen regional risk appetite.
At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 10.22 points, or 0.63 per cent, to 1,617.50 from yesterday’s close of 1,627.72. The index opened 2.62 points lower at 1,625.10.
Across the broader market, decliners outnumbered advancers 449 to 86, while 276 counters were unchanged, 2,032 were untraded and nine were suspended.
Turnover stood at 315.47 million units worth RM178.50 million.
