KUALA LUMPUR – Bursa Malaysia opened higher but retreated thereafter, as earlier gains were snapped by mild profit-taking in plantation and technology counters amid mixed performance on the regional markets, dealers said.
At 9.30am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 5.49 points to 1,603.01 compared with 1,608.50 at Wednesday’s close.
The market bellwether opened 6.71 points higher at 1,615.21.
Overall market breadth was negative with losers leading gainers at 344 to 315, while 398 counters were unchanged, 1,134 untraded and 51 others suspended.
Total volume stood at 1.26 billion shares worth RM704.64 million.
Meanwhile, the ringgit opened firmer against the US dollar today on renewed buying interest, tracking steadier oil prices, said an analyst.
At 9am, the local currency stood at 4.0985/1015 against the greenback from Wednesday’s close of 4.1000/1050.
Markets were closed yesterday for the Nuzul al-Quran public holiday. – AFP, April 30, 2021
