business

Bursa Malaysia opens lower due to sell-offs in financial sector

KUALA LUMPUR, May 19 -- Bursa Malaysia opened on a low note on Friday morning, dragged down by selling in the heavyweights, particularly the financial services counters amidst weak market sentiment.

At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.83 points to 1,425.21 from 1,428.04 at Thursday's close.

The barometer index opened 2.59 points weaker at 1,425.45.

Market breadth was negative with losers leading gainers 141 to 104, while 215 counters were unchanged, 1,784 untraded and 14 others suspended.

Turnover stood at 153.79 million units worth RM77.53 million.

--BERNAMA--

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