KUALA LUMPUR – Bursa Malaysia rebounded from yesterday’s losses to open slightly higher today, driven by renewed buying in selected industrial product and services counters.
At 9.16am, the benchmark FTSE Bursa Malaysia KLCI rose 1.65 points to 1,583.10 from yesterday’s close of 1,581.37.
The index opened 1.55 points better at 1,582.92.
Market breadth was positive, with gainers leading losers 224 to 214, while 332 counters were unchanged, 1,383 untraded and 11 suspended.
Turnover stood at 569.06 million units worth RM247.82 million.
The ringgit, meanwhile, slid against the United States dollar at the opening, as the market is wary of the outcomes of a special Conference of Rulers meeting, as well as Federal Open Market Committee (FOMC) talks, slated to be announced later today.
At 9am, the local unit eased to 4.1180/1210 versus the greenback from 4.1160/1185 at the close yesterday.
The Malay rulers’ meet, scheduled for 2.30pm, will discuss matters related to the government’s efforts to fight Covid-19 and the state of emergency due to end on August 1.
The two-day FOMC meeting, meanwhile, will see the US Federal Reserve’s decision on interest rates made known. – Bernama, June 16, 2021
