KUALA LUMPUR: Bursa Malaysia erased yesterday’s gains to open lower today, amid mixed trading sentiment, coupled with external factors which will see the United States adopt gradually phase-in corporate tax-rate cut, has contributed to the downbeat mood among investors, a dealer said.
At 9.00 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.95 of-a-point weaker at 1,747.40 from yesterday’s close of 1,748.35.At 9.40am, it rebounded 1.46 points to 1,749.81 aided by crude oil prices which were hovering above US$60 per barrel.
On the broader market, gainers was slightly higher at 207 against 204 losers while 276 counters remained unchanged with 1,204 untraded and 110 others were suspended.
Turnover stood at 609.59 million shares worth RM192.03 million.- BERNAMA