KUALA LUMPUR – Bursa Malaysia rebounded from yesterday’s losses to open marginally higher today as the cheaper valuation attracted some investors back into the market, amid cautious sentiment on the regional bourses, dealers said.
At 9.17am, the FTSE Bursa Malaysia KLCI gained 0.73 of a point to 1,455.56 from 1,454.83 at yesterday’s close.
The key index opened 0.18 of a point better at 1,455.01.
The broader market was positive with advancers leading decliners 201 to 159, while 303 counters were unchanged, 1,648 untraded and seven others suspended.
Turnover amounted to 601.89 million units worth RM157.04 million.
The ringgit continued to trade in a narrow range as the US dollar continued to firm amid nervous sentiment following concerns over the bleak outlook for the global economy after disappointing China and European data.
At 9am, the local note fell to 4.6715/6760 against the greenback from yesterday’s close of 4.6615/6655. – Bernama, September 6, 2023
