Bursa opens lower as investors continue to cash in on blue chips

Bursa opens lower as investors continue to cash in on blue chips FMTNews FMTBusiness

KUALA LUMPUR: Profit-taking in blue chips following yesterday’s gains dragged Bursa Malaysia’s main index to open lower.

At 9.05am, the FTSE Bursa Malaysia KLCI dropped 2.86 points to 1,417.49 from yesterday’s close of 1,420.35.Market breadth, however, was positive as gainers beat decliners by 188 to 104, while 203 counters were unchanged, 1,796 untraded, and 75 others suspended.

As for the active counters, Bintai Kinden trimmed 2 sen to 4 sen, YBS International added 4.5 sen to 74.5 sen, Tanco was 0.5 sen higher at 45.5 sen, and Joe Holding was flat at 1.5 sen.

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