KUALA LUMPUR – Bursa Malaysia opened marginally higher but retreated thereafter, tracking the performance of regional peers.
This was despite the Wall Street closing at a new high on Friday, lifted by strong corporate earnings and continued central bank support for the financial market.
At 9.10am, the benchmark FBM KLCI fell 4.35 points to 1,519.09 from Friday’s close of 1,523.44.
The index opened 1.03 points higher at 1,524.47.
On the broader market, gainers led losers at 272 versus 185, while 327 counters were unchanged, 1,453 untraded and 21 others suspended.
Turnover stood at 458.67 million units worth RM229.01 million.
The ringgit opened slightly higher against the US dollar today, despite the alarming surge in the local Covid-19 daily tally.
Malaysia’s cumulative Covid-19 cases surpassed the one million mark at 1,013,438 cases yesterday after 17,045 new cases were reported – the highest recorded in a day since the pandemic hit the country in March last year.
At 9.05am, the local note rose to 4.2250/2300 versus the greenback from Friday’s close of 4.2255/2275. – Bernama, July 26, 2021
