KUALA LUMPUR – Bursa Malaysia opened marginally higher today, supported by buying interest, given fading Omicron fears, a dealer said.
At 9.08am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) earned 0.67 of-a-point to 1,517.12 from 1,516.45 on Friday.
The index opened 0.92 of-a-point higher at 1,517.37.
On the broader market, gainers led losers 105 to 86, while 205 counters were unchanged, 1,914 were untraded and 14 others suspended.
Turnover stood at 76.04 million units valued at RM31.29 million.
The ringgit slipped slightly against the US dollar today, despite reduced fears of the Omicron variant on global economic recovery, an analyst said.
At 9am, the local note stood at 4.1950/2000 versus the greenback from 4.1935/1980 at Friday’s close.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said studies on Omicron, which took the limelight last week, would provide grounds that global economic recovery is expected to proceed without a hitch. – Bernama, December 27, 2021
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