KUALA LUMPUR: Bursa Malaysia retreated from yesterday’s gains to open lower on Tuesday, tracking weaker regional markets and a softer overnight performance on Wall Street.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.76 points, or 0.17 per cent, to 1,640.96 from Monday’s close of 1,643.72.

The index had opened 0.95 of a point lower at 1,642.77.

On the broader market, 180 losers outpaced 121 gainers, while 273 counters were unchanged, 2,202 untraded, and 12 suspended.

Turnover stood at 106.46 million shares worth RM62.36 million.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Hong Kong’s Hang Seng Index stayed in the red as growing concerns over stretched technology valuations and aggressive artificial intelligence (AI)-related investment continued to weigh on sentiment.

For more details, visit the full article here.