KUALA LUMPUR – Bursa Malaysia bounced back from its downtrend last week to open higher this morning, lifted by positive market sentiment, dealers said.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.36 points to 1,530.84 from Friday’s close of 1,524.48.
It opened 4.56 points firmer at 1,529.04.
Meanwhile, the ringgit has extended its gains against the US dollar from last week to open firmer today, backed by brighter economic prospects for the last quarter of the year.
At 9am, the local note improved to 4.1730/1755 versus the greenback from last Friday’s closing of 4.1770/1810.
A dealer said that the transition of many states into the next phase of the National Recovery Plan (NRP) would help to bolster the local economy and domestic spending. – Bernama, October 4, 2021
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