Bursa Malaysia lower in early trade, Ringgit opens lower

Bursa Malaysia trade opened lower today. (Bloomberg pic)

KUALA LUMPUR: Bursa Malaysia were lower in early trade Monday as uncertainties over the US-China trade negotiations continue to weigh on market sentiments.

At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 1.05 points to 1,609.22 from Friday’s close of 1,610.27.

The index opened 0.28 of a point higher at 1,610.55.

Losers beat gainers 149 to 96, with 184 counters unchanged, 1,480 untraded and 24 others suspended.

Turnover stood at 99.28 million shares worth RM35.17 million.

Meanwhile, the Ringgit opens slightly lower today, extending the downtrend as investors wait for Thursday’s announcement on the first quarter (Q1) Gross Domestic Product (GDP) figures.

At 9 am, the local note opened at 4.1595/1625 compared with 4.1570/1600 against the greenback.