KL shares open lower

Share prices on Bursa Malaysia opened lower on continued selling pressure as negative regional and global developments continued to weigh on local sentiment, dealers said. At 9.30 am, the benchmark index stood at 1,842.61, down 2.71 points, after opening 0.15 of a point lower at 1,845.17. The Plantation Index rose 19.181 points to 8,347.48, the Finance Index fell 29.041 points to 17,206.87 and the Industrial Index lost 8.95 points to 3,194.62. The FBM Ace declined 29.04 points to 7,148.37 points, the FBM Emas Index shed 22.45 points to 12,882.47, the FBMT100 Index weakened 21.29 points to 12,466.36 points and the FBM 70 fell 35.42 points to 14,203.72 points. On Wall Street overnight, The Dow Jones industrial average lost 238.19 points, or 1.4 per cent, to 16,804.71. Dealers said the market sell-off was driven by several global crises such as Ebola, the looming possibility of an interest rate hike in the United States and political chaos in Hong Kong, according to thesundaily.my