KLCI opens lower on lack of buying support

KUALA LUMPUR (Aug 25): Bursa Malaysia opened lower today on lack of buying support as the market extended its sideways trading, awaiting fresh catalysts, dealers said.

At 9.18am, the benchmark FBM KLCI was 2.02 points easier at 1,566.56 from yesterday’s close of 1,568.58.

The barometer index opened 5.23 points weaker at 1,563.35.

On the broader market, losers led gainers 366 to 226, while 371 counters were unchanged, 1,071 untraded and 35 others suspended.

Trading volume stood at 1.1 billion shares worth RM694.67 million.

Source: TheEdgeMarkets