KUALA LUMPUR: Bursa Malaysia opened lower on Monday, tracking Wall Street’s weaker performance at the end of last week.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.04 points, or 0.19 per cent, to 1,634.77 from last Friday’s close of 1,637.81.

The index had opened 2.73 points lower at 1,635.08.

On the broader market, 222 losers outpaced 92 gainers. Another 275 counters were unchanged, 2,174 untraded, and 11 suspended.

Turnover stood at 115.70 million shares worth RM58.16 million.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street ended broadly lower as traders rotated out of technology-related stocks into those with more attractive value propositions.

For more details, visit the full article here.