KUALA LUMPUR – Bursa Malaysia opened slightly higher today, but retreated thereafter as mild profit-taking started to emerge in selected heavyweights after yesterday’s gains, dealers said.
At 9.55am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.67 points to 1,532.74 from yesterday’s close of 1,535.41. It opened 0.14 of-a-point higher at 1,535.55.
On the broader market, losers led gainers 241 to 185, while 330 counters were unchanged, 1,521 untraded and 18 others suspended.
Turnover amounted to 453.28 million units worth RM234.47 million.
Meanwhile, the ringgit extended its gains versus the US dollar at open today on subdued buying support for the greenback, despite the United States’ better economic data.
At 9am, the local note rose to 4.1505/1535 against the greenback from 4.1530/1555 at yesterday’s close.
ActivTrades trader Dyogenes Rodrigues Diniz said the US dollar remains stuck within small lateralisation, but noted the possibility of a major bullish movement for the currency. – Bernama, November 9, 2021
