KUALA LUMPUR (March 22): Bursa Malaysia was lower in early trade Monday after benchmark US Treasury yields edged back from the highest in more than a year last Friday.
At 9.12 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.34 points to 1,622.85 from last Friday’s close of 1,626.19.
The index was 2.28 points higher at 1,628.47 at 9am and turned easier one minute after opening.
On the broader market, losers outpaced gainers 324 to 268, while 358 counters were unchanged, 1,287 untraded and 37 others suspended.
Total volume stood at 836.49 million shares worth RM340.87 million.
Public Bank Investment Bank Bhd said investors digested the US Federal Reserve’s move not to extend a temporary pandemic regulatory break expiring this month, and oil prices rebounded from severe slides.-The Edge Market