KUALA LUMPUR: Bursa Malaysia opened in red this morning, influenced by the weak global sentiment.

At 9 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was marginally lower by 1.19 points at 1,613.99 from Thursday's close of 1,615.18.

In the broader market, decliners led gainers 200 to 156, with 308 counters unchanged, 1,859 untraded and 52 suspended.

Turnover stood at 261.10 million units worth RM130.28 million.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI continued to trend lower amid the weak global sentiment. Nonetheless, Thong said the benchmark index remained well supported above the 1,610 level, hence the firm reckon accumulation of stocks to persist on dips. "Hence, we anticipate the benchmark index will range between 1,610 and 1,620 today," he told the Business Times.

On the active stocks, Kucingko Bhd, which made its debut on the ACE Market, was leading the most actively traded.

The stock surged to 35.5 sen to 65.5 sen.

Among the heavyweights, Malayan Banking Bhd fell 2.0 sen to RM10.12, Public Bank Bhd and CIMB Group Holdings Bhd each declined 1.0 sen to RM4.20 and RM7.18, respectively, while Tenaga Nasional Bhd dropped 4.0 sen to RM13.96.Ends

https://www.nst.com.my/business/corporate/2024/07/1081821/bursa-malaysia-opens-red-weak-global-sentiment