KUALA LUMPUR – Bursa Malaysia opened slightly lower today but rebounded thereafter, supported by mild buying interest in selected heavyweights, in line with the positive momentum in regional markets, dealers said.
At 9.25 am, the benchmark FTSE Bursa Malaysia KLCI improved by 0.75 point to 1,495.78 from Friday’s close of 1,495.03.
The market bellwether opened 0.22 point weaker at 1,494.81.
In the broader market, gainers surpassed decliners 249 to 203, while 305 counters were unchanged, 1,445 untraded, and 28 others suspended.
Turnover amounted to 558.12 million units worth RM198.33 million.
Meanwhile, the ringgit continued its positive momentum this morning to open slightly higher against the greenback on the expectation of a US Federal Reserve downshift to a 25 basis points interest rate hike.
At 9am, the ringgit stood at 4.3305/3350 against the greenback from Friday’s close of 4.3325/3375. – Bernama, January 16, 2023
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