KUALA LUMPUR – Bursa Malaysia started the day in a volatile trading but the key index remained above the 1,570 level as sentiment was weighed by the positive global market amid mild profit-taking on the local front.
At 9.10am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) lost 4.65 points to 1,573.68 from yesterday’s close of 1,578.33.
The index opened 0.34 of-a-point higher at 1,578.67.
Gainers and losers almost equal 219 to 217, while 327 counters were unchanged, 1,415 untraded and 19 others suspended.
Total volume stood at 401.00 million worth RM212.68 million.
Meanwhile, the ringgit opened slightly higher against the US dollar today after Bank Negara Malaysia maintained the interest rate at 1.75%, signalling Malaysia’s economic recovery is on track, dealers said.
At 9am, the local currency rose to 4.1190/1240 against the greenback from yesterday’s close of 4.1200/1240.
ActiveTrades trader Dyogenes Rodrigues Diniz said the central bank’s decision to leave the interest rate unchanged will help the economy to grow again. – Bernama, May 7, 2021
