KUALA LUMPUR – The ringgit opened slightly higher against the US dollar this morning, backed by firmer crude oil prices amid market volatility as the full movement control order is set to be extended, a dealer said.
At 9.02am, the local note rose to 4.1485/1515 versus the greenback from 4.1560/1575 at Friday’s close.
At the time of writing, the benchmark Brent crude oil price increased 0.35% to US$76.45 (RM317) per barrel.
Meanwhile, Bursa Malaysia opened the new week in negative territory as sentiment was affected by the extension of the MCO 3.0.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.88 points to 1,551.80 from Friday’s close of 1,559.68.
The market bellwether opened 2.22 of-a-point lower at 1,557.46.
The broader market saw losers outpacing gainers 328 to 99, while 241 counters were unchanged, 1,569 untraded and 42 others suspended.
Turnover stood at 302.25 million units valued at RM126.49 million. – Bernama, June 28, 2021
