KUALA LUMPUR – Bursa Malaysia was higher this morning in line with regional peers, lifted by better market sentiment as fears over high inflation in the United States subside, said dealers.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI gained 1.91 points to 1,600.19 from yesterday’s close of 1,597.71.
The index opened 1.53 points higher at 1,599.81.
The rise in the composite index is largely supported by gains in rubber glove stocks and other selected heavyweights.
Supermax and Top Glove rose 6 sen each to RM4.66 and RM5.19, respectively, and Hartalega picked up 3 sen to RM9.50.
Market breadth turned positive, with gainers leading losers 212 to 180, while 309 counters were unchanged, 1,476 untraded and 25 suspended.
Total volume stood at 265.65 million shares worth RM158.26 million.
Meanwhile, the ringgit climbed 50 basis points at the opening, fuelled by strong crude oil prices, which rose nearly 5% overnight due to increased demand.
At 9.01am, the local note was 4.1220/1250 against the greenback from 4.1270/1300 at the close yesterday. – Bernama, April 15, 2021
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