KUALA LUMPUR – The ringgit has extended its positive run against the US dollar today as the greenback weakened due to the lower-than-expected US consumer price index (US CPI) data in June.
At 9am, the local note climbed 310 percentage in points to 4.6190/6230 against the greenback compared with 4.6500/6535 at yesterday’s close.
According to news report, the US CPI declined to 3% in June from 4% in May, slightly below the market expectation of 3.1%.
Meanwhile, Bursa Malaysia opened marginally higher today, supported by buying demand in blue chips, led by consumer products and services counters, in tandem with the mostly higher regional peers.
At 9.33am, the FTSE Bursa Malaysia KLCI rose 0.98 of-a-point to 1,399.04 from 1,398.06 at yesterday’s close.
The key index opened 3.04 points better at 1,401.10.
The broader market was also positive as advancers beat decliners 277 to 208, while 283 counters were unchanged, 1,488 untraded, and 14 others suspended.
Turnover stood at 535.62 million units worth RM217.11 million. – Bernama, July 13, 2023
