KUALA LUMPUR – Bursa Malaysia opened higher in the early trading session today, rising above the 1,600 threshold, on improving sentiment and strong net buying support from foreign funds over the past few trading sessions, a dealer said.
At 9.15am, the benchmark FTSE Bursa Malaysia KLCI gained 2.19 points to 1,601.80 from 1,599.61 at yesterday’s close after opening 7.04 points higher at 1,606.65.
Market breadth was positive with gainers leading losers 295 to 180, while 255 counters were unchanged, 1,498 untraded and 10 others suspended.
Meanwhile, the ringgit opened higher against the US dollar today following a weaker US dollar as markets welcomed news over the de-escalation of tensions in Eastern Europe, an analyst said.
At 9am, the local currency appreciated to 4.1830/4.1860 versus the greenback from yesterday’s close of 4.1850/1870. – Bernama, February 16, 2022
