KUALA LUMPUR: Bursa Malaysia opened lower today as investors turned cautious on news of Wall Street's mixed  reaction to higher than expected US inflation data.

At 9am, the benchmark FBM KLCI was down 4.32 points to 1,449.22 from yesterday's close at 1,453.54.

Wall Street closed on a mixed note as the US inflation reading came in higher than expected for the month of August. As a result, the DJI Average lost 70 points while the Nasdaq added almost 40 points thanks largely to gains from Tesla and Amazon.

Back home, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI closed flat following some late buying activities.

He said although the local bourse seems to be well supported currently, underlying sentiment is still cautious as daily volume traded is still lower than desired.

"Nonetheless, we reckon persistent accumulation on the blue chips will eventually see spillover effects on the smaller cap stocks. "For today, we reckon the index to hover between the 1,450-1,460 range again," he told the New Straits Times.S

ome gainers on the broader market include DKSH Holdings (Malaysia) Bhd up 12 sen to RM4.86, Oppstar Bhd rising four sen to RM1.52 an PIE Industrial Bhd gaining three sen to RM2.97.

Top actives were Tanco Holdings Bhd unchanged at 52.5 sen, Capital A Bhd up four sen to 99 sen and Kinergy Advancement Bhd (KAB) flat at 34.5 sen.