KUALA LUMPUR – Bursa Malaysia recovered from yesterday’s losses to trade higher at the opening, taking the cue from the overnight US stocks strong performance.
At 9.10am, the benchmark FBM KLCI rose 2.15 points to 1,582.05 from yesterday’s close of 1,579.90.
The index opened 3.37 points better at 1,583.27.
Market breadth was positive with gainers leading losers 222 to 151, while 315 counters were unchanged, 1,473 untraded, and 29 others suspended.
Turnover fell to 546.33 million units worth RM254.14 million.
The ringgit opened higher against the US dollar today as the greenback loses its ground due to rising inflation, a dealer said.
At 9.02am, the local currency rose to 4.1150/1200 against the greenback from yesterday’s close of 4.1200/1220.
ActivTrades trader Dyogenes Rodrigues Diniz said the US unemployment claims data showed that inflation was rising, but not as much as some had feared, adding that this was the main reason the dollar failed to gain more ground against the ringgit. – Bernama, June 11, 2021
