KUALA LUMPUR – Bursa Malaysia recovered from yesterday’s losses to open higher today, thanks to buying support in the index-linked counters led by Public Bank.
At 9.05am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.34 points to 1,578.98 from yesterday’s close of 1,577.64.
The index opened 1.35 points weaker at 1,576.29.
Meanwhile, the ringgit fell against the US dollar in the morning session today, weighed down by a high number of Covid-19 cases in recent days, said an analyst.
At 9am, the local currency eased to 4.1240/1280 against the greenback from yesterday’s close of 4.1160/1210. – Bernama, May 12, 2021
