Business

Bursa on the rebound, ringgit lower v US dollar

Renewed interest in heavyweights offsets earlier losses on Bursa, US inflation lifts dollar

Updated 4 years ago · Published on 11 Nov 2021 9:41AM

Bursa on the rebound, ringgit lower v US dollar
On Bursa, losers surpass gainers 218 to 129, while 267 counters are unchanged. – The Vibes file pic, November 11, 2021

KUALA LUMPUR – Bursa Malaysia opened slightly lower today but rebounded thereafter as renewed buying activities in selected heavyweights offset earlier losses, dealers said.

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI added 1.20 points to 1,521.94 from yesterday's close of 1,520.74, after opening 0.26 of-a-point lower at 1,520.48.

However, on the broader market, losers surpassed gainers 218 to 129, while 267 counters were unchanged, 1,678 untraded and 18 others suspended.

Turnover amounted to 232.21 million units worth RM110.29 million.

The ringgit opened lower against the US dollar today on better buying interest for the greenback.

At 9.06am, the local note eased to 4.1600/1630 versus the greenback from 4.1525/1545 at yesterday's close.

 ActivTrades trader Dyogenes Rodrigues Diniz said the US inflation data (as measured by the Consumer Price Index) came in higher than expected at 4.6% against the forecast of 4.3%, thus becoming the main catalyst for the upward movement in the US dollar-ringgit pairing. – Bernama, November 11, 2021

Related News

Business / 2mth

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

Business / 4mth

Ringgit edges higher against US Dollar amid subdued market sentiment

Business / 5mth

Ringgit retreats to 4.00 versus the US Dollar amid West Asia ceasefire uncertainties

Business / 5mth

BNM ensures orderly financial markets amid global uncertainties

Malaysia / 5mth

Middle East conflict: Brace for more expensive imports - Tengku Zafrul

Places / 8mth

Planning a year-end break? The Land of the Rising Sun beckons

Spotlight

Malaysia

Singapore could bar under-18s from social media platforms that fail safety test

Malaysia

College student dies after falling from 22nd-floor condominium in Setapak

Malaysia

PM praised for ‘Medeka Day’ reforms; More needed to cope with rising costs – Guan Eng

By Ian McIntyre

World

Tupac Shakur murder case ends after 30 years as ex-gang leader found guilty

Malaysia

Unidentified man found dead in Sungai Buloh drain as police probe suspected murder

Malaysia

Four killed, four injured in 11-vehicle Pahang highway crash

Malaysia

Sarawak haze crisis deepens as five areas hit hazardous air quality

Opinion

Would the United States use nuclear weapons against Iran?

Malaysia

Tajikistan eyes bigger role for Malaysia in Central Asian market

By Alfian Z.M. Tahir

You may be interested

Business

MT4 or MT5? For traders, the choice often comes down to how they trade

By Alfian Z.M. Tahir

Business

Oil prices top US$91 as renewed US-Iran fighting raises global energy shock fears