KUALA LUMPUR: Bursa Malaysia opened lower today, reflecting the negative developments on Wall Street as traders opt to lock in profits following a decent run over the past months.

At the opening bell, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 0.58 points to 1,539.84.

However, at 9.17 am, the index moved up 1.17 points to 1,541.59 from Wednesday's close of 1,540.42.

On the broader market, decliners led gainers 262 to 151, while 307 counters were unchanged, 1,644 untraded, and 21 others suspended.

Turnover amounted to 304.63 million units worth RM145.51 million.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects bargain hunting to persist today amid lacklustre trading.

He expects the key index to hover within the 1,535-1,545 range today.

Among the heavyweights, Malayan Banking Bhd added three sen to RM9.63, Public Bank Bhd and CIMB Group Holdings Bhd was flat at RM4.15 and RM6.53, respectively, Tenaga Nasional Bhd put on six sen to RM11.58 and Petronas Chemicals Group Bhd was flat at RM6.83. As for the actives, Ingenieur Gudang Bhd up 0.5 sen to 15 sen, Jaks Resources Bhd losing 0.5 sen to 14 sen and Tanco Holdings Bhd falling 0.5 sen to 83.5 sen.

https://www.nst.com.my/business/corporate/2024/04/1039423/bursa-malaysia-opens-lower-tracking-wall-street