KUALA LUMPUR: Bursa Malaysia opened lower, reflecting a mixed performance on Wall Street as traders await Alphabet's earnings report.
At 9.20am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.35 per cent, losing 5.70 points to 1,609.38, from Tuesday's close of 1,615.08.
The broader market was negative, with losers leading gainers at 368 to 160, while 306 counters remained unchanged.
Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng said overall sentiment remains cautiousas indicated by the low trading volume.
He noted that the crude palm oil (CPO) price has reached its year-to-date (YTD) high, raising hopes for a potentially strong fourth quarter (4Q) for planters.
"All said, we are hopeful the index will maintain its rebound and expect it to hover within the 1,615-1,625 range today," he added.