Business

Bursa opens higher on strong overnight Wall Street performance

Ringgit edges up against US dollar, boosted by renewed buying interest

Updated 3 years ago · Published on 18 Oct 2022 9:32AM

Bursa opens higher on strong overnight Wall Street performance
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI advances 9.30 points or 0.67% to 1,395.57 from yesterday’s close of 1,386.27. – The Vibes file pic, October 18, 2022

KUALA LUMPUR – Bursa Malaysia opened higher today in tandem with most key regional markets, influenced by strong Wall Street performance overnight.

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI advanced 9.30 points or 0.67% to 1,395.57 from yesterday’s close of 1,386.27. The key index opened 6.65 points to 1,392.92.

On the broader market, gainers surpassed decliners 219 to 61, while 178 counters were unchanged, 1,892 untraded and seven others suspended.

The ringgit opened slightly higher against the US dollar today, boosted by renewed buying interest, said a dealer.

At 9am, the local note rose to 4.7135/7180 from yesterday’s close of 4.7150/7185. – Bernama, October 18, 2022

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

Anwar unveils six measures for Malaysians ahead of Merdeka

By Alfian Z.M. Tahir

Malaysia

Xavier Jayakumar warns racial, religious politics could erode Malaysia’s unity

Malaysia

DOE: Close schools, kindergartens if API tops 200

Malaysia

WhatsApp messages help rescue of two brothers lost in Bukit Putus

Malaysia

King grants audience to Anwar, briefed on Merdeka Day preparations

Opinion

Merdeka: This is our Malaysia – and you will not take it from us

By Vinod Sekhar

World

Covid-19 fears return in South Korea as mask, test kit sales surge

World

91 Malaysians still unaccounted for after Nepal-China floods

You may be interested

Business

Property developer, Matrix Concepts sets RM1.8b FY2027 sales target

Business

Oil prices fall as Hormuz reopening hopes offset Iran tensions