Bursa Malaysia opens marginally lower

KUALA LUMPUR (Sept 23): Bursa Malaysia opened marginally lower today, tracking the Wall Street which slipped for the third consecutive trading day as central banks’ rate hikes continued to weigh on sentiment.

Swiss National and Bank of England had increased their interest rates by 75 basis points and 50 bps, respectively, following the recent rate hike by the United States Federal Reserve, dealers said.

At 9.03 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 0.96 of-a-point to 1,438.20 from Thursday’s close of 1,439.16.

The benchmark index opened 0.05 of-a-point easier at 1,439.11.-BERNAMA