KUALA LUMPUR – Bursa Malaysia opened easier but rebounded thereafter, in line with the uptrend seen in regional markets as investor sentiment is buoyed by overnight Wall Street gains.
At 9.06am, the benchmark FTSE Bursa Malaysia KLCI was 2.03 points, or 0.13%, firmer at 1,573.85 from 1,571.82 at yesterday’s close.
The index opened 2.82 points lower at 1,569.0.
On the broader market, gainers led losers 253 to 189, while 234 counters were unchanged, 1,526 untraded and 32 suspended.
Total volume stood at 430.08 million units worth RM168.16 million.
The ringgit, too, rebounded to open higher against the United States dollar on renewed buying support due to positive developments in relation to the Covid-19 vaccine, said dealers.
At 9.06am, the local note was higher at 4.1400/1440 against the greenback from the 4.1440/1480 registered at the close yesterday. – Bernama, May 25, 2021
