opens lower

On the broader market, gainers led decliners 155 to 129, with 315 counters unchanged, 1,821 untraded and six suspended.

Turnover stood at 371.69 million units worth RM160.19 million.

The ringgit closed lower against the US dollar today, extending its downtrend from yesterday's closing due to higher demand for greenback.

The ringgit continued to open lower against the U.S. dollar amid higher-than-expected U.S. inflation data which suggested the Federal Reserve (Fed) might keep the interest rate steady.

Bursa Malaysia opened lower today, trading in cautious mode following the lacklustre performance on Wall Street overnight.

Stephen Innes said the unexpectedly strong US economic data had triggered a minor reversal of sorts in broader US dollar sentiment.

At 9.06 am, the benchmark FTSE Bursa Malaysia KLCI slipped 5.62 points to 1,480.92 from 1,486.54 last Friday.

It appears that appetite for cash-like instruments is rising despite giving low returns, Mohd Afzanizam said.

At 9 am, the local note fell to 4.1630/1655 versus the greenback from 4.1600/1630 at yesterday's close.

At 9.05 am, the local currency eased to 4.1540/1570 versus the greenback from 4.1530/1560 at yesterday's close.

At 9 am, the local note fell to 4.1540/1570 versus the greenback from Thursday's close of 4.1525/1560.

On the broader market, losers led gainers 325 to 189, while 304 counters were unchanged, 1,335 untraded and nine others suspended.

Bursa opened lower on Monday morning and is down 32.77 points to 1,813.74.

The ringgit opened lower against the US dollar today on low demand for the local currency versus the greenback, a dealer said.

The ringgit extended losses from Monday to open lower against the US dollar today on growing concerns over expected comments from US Federal Reserve officials later this week, dealers said.

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