KUALA LUMPUR – Bursa Malaysia registered slight gains in the early trade today despite opening on a weaker note.
At 9.29am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 0.40 of a point to 1,475.08 from Friday’s closing of 1,474.68.
At 9.30 a.m. today, there were 250 gainers, 217 losers and 301 counters traded unchanged on the Bursa Malaysia.
The FBM-KLCI was at 1,475.10 up 0.42 of a point, the FBMACE was at 5,442.97 down 37.70 points, and the FBMEmas was at 10,608.54 up 19.25 points.
Turnover was at 462.512 million shares valued at RM195.317 million.
Meanwhile, the ringgit opened higher versus the US dollar today on a lack of demand for the greenback during the holiday season.
At 9.01am, the local note was traded at 4.4150/4200 against the US dollar from 4.4225/4260 at last Friday’s close.
SPI Asset Management managing director Stephen Innes said that trading activity should be muted in the last week of the year, with the ringgit trading on a more favourable bias due to China fast-tracking its border reopening. – Bernama, December 27, 2022
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