KUALA LUMPUR – Bursa Malaysia rebounded from the losses yesterday to open higher across the board, as bargain hunting emerges on the back of improved market sentiment.
At 9.22am, the benchmark FTSE Bursa Malaysia KLCI rose 1.86 points to 1,574.1, from the close of 1,572.24 yesterday.
The index opened 0.68 of-a-point easier at 1,571.56.
Market breadth was positive with gainers leading losers 347 to 180, while 315 counters were unchanged, 1,361 untraded, and 12 others suspended.
Turnover was at 855.677 million shares valued at RM343.063 million.
The ringgit also opened slightly higher against the US dollar today, as the greenback retreated amid recovery in risky assets.
At 9am, the local note rose to 4.1420/1440 versus the greenback, from 4.1450/1480 at the close yesterday.
At the opening, the ringgit was mixed against a basket of major currencies.
It strengthened against the Singapore dollar to 3.0802/0822 versus 3.0841/0868 at the close yesterday, and advanced against the Japanese yen to 3.7566/7584 from 3.7641/7671 previously.
The local note slipped against the British pound to 5.7628/7655 from 5.7495/7537 at the close yesterday, and weakened vis-a-vis the euro to 4.9323/9347 from 4.9321/9357 previously. – Bernama, June 22, 2021
