KUALA LUMPUR – Bursa Malaysia started the short trading week slightly higher amid mixed market sentiment ahead of first quarter 2021 (1Q21) gross domestic product results and the Aidilfitri festivities.
At 9.04am, the benchmark index FBM KLCI gained 0.23 of-a-point to 1,587.68 from Friday’s close of 1,587.45.
The index opened 0.03 of-a-point higher at 1,587.48.
Bank Negara Malaysia is scheduled to announce the 1Q21 performance tomorrow.
The ringgit opened the week on a positive note, supported by a broadly weaker US dollar, higher oil prices and an enduring global economic recovery despite the “swing and a miss” on Friday’s US jobs report, said an analyst.
At 9.04am, the local currency rose to 4.1000/1030 against the greenback from Friday’s close of 4.1100/1140. – Bernama, May 10, 2021
