Bursa Malaysia extended its losses to open lower today, as Malaysian equities were not spared from the global equities meltdown following Wall Street’s downward performance last Friday.

At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 22.83 points, or 1.54 percent to 1,459.81 from last Friday’s close of 1,482.64. 

This was the lowest level last seen on Nov 29, 2011, where Bursa’s key index closed at 1,444.72.

At the opening bell, the FBM KLCI opened 11.30 points easier at 1,471.34.

Losers led gainers by 329 to 108 on the broader market, with 150 counters unchanged, 1,411 untraded and 18 others suspended.

Turnover amounted to 345.71 million shares worth RM197.31 million. - Bernama