KUALA LUMPUR, Nov 2 — Bursa Malaysia opened lower on Monday, weighed down by Wall Street’s weaker performance last Friday, which dampened investor sentiment.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 8.24 points, or 0.51 per cent, to 1,607.36 from last Friday’s close of 1,615.60.
Across the broader market, losers outnumbered gainers 430 to 64, while 259 counters were unchanged, 1,970 untraded, and 11 suspended. Turnover stood at 216.60 million units worth RM98.99 million.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street closed sharply lower as disappointing Intel and Amazon earnings intensified concerns over the substantial capital expenditure required for artificial intelligence investments.
