KUALA LUMPUR, July 8 — Bursa Malaysia opened lower today in extending yesterday’s losses but rebound thereafter despite the weaker overnight performance of US stocks.
Wall Street snapped its 5-days winning streak to end sharply lower amid concerns over the economic, public health and the policy responses to the COVID-19 pandemic.
At 9.08 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.04 points to 1,569.76 from Tuesday’s close of 1,566.72.
The index opened 4.64 points lower at 1,562.08.
Overall market breadth was positive with gainers led losers 209 to 184, while 271 counters were unchanged, 1,272 untraded and 25 others suspended.
Total volume stood at 419.23 million shares worth RM195.76 million.