Bursa opens lower on weak market sentiment | Malay Mail

On the broader market, gainers and losers both stood at 103, with 169 counters unchanged, 1,528 untraded and 51 others suspended. — Picture Ahmad Zamzahuri

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI fell 1.75 points to 1,635.65, from Monday's close of 1,637.40.In a note, Malacca Securities Sdn Bhd said Malaysian stocks continue to stay decoupled from the performance of most global and regional equity markets, but the upside bias remains elusive with few available catalysts to provide the much-needed impetus to lift market sentiment.

Meanwhile, Kenanga Research said short-term consolidation could be the case for this week’s trading, given momentum indicators still display some weaknesses as seen in the flat-lining. On the broader market, gainers and losers both stood at 103, with 169 counters unchanged, 1,528 untraded and 51 others suspended.Among heavyweights, Maybank and Petronas Chemicals rose two sen each to RM9.16 and RM9.02 respectively, Public Bank fell two sen to RM22.54 and TNB decreased four sen to RM12.16.

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