Bursa opens easier on mild selling

KUALA LUMPUR: Shares on Bursa Malaysia were easier at Friday’s opening on mild selling, as the arrest of a senior Chinese executive at tech giant Huawei, escalated fears that it could impact the progress of the US-China trade discussions, dealers said.

At 9.03am, the key FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.04 points to 1,682.30 from Thursday’s close of 1,683.34.

The index opened 1.97 weaker at 1,681.37.

On the broader market, gainers were slightly higher than losers at 91 to 77, with 113 counters unchanged, 1,588 untraded and 24 others suspended.

Volume stood at 157.47 million units valued at RM25.93 million.

Huawei chief financial officer Meng Wanzhou was arrested in Canada and faces unspecified charges in the Eastern District of New York.