KUALA LUMPUR – Bursa Malaysia opened higher, buoyed by mild buying interest in most indices following its weak performance yesterday.
At 9.08am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.05 points to 1,518.94 from yesterday’s close of 1,512.89.
The market bellwether opened 0.94 of-a-point firmer at 1,513.83.
On the broader market, gainers edged past losers 171 to 141, while 259 counters were unchanged, 1,657 untraded and nine others suspended.
Turnover stood to 305.54 million units worth RM140.31 million.
Meanwhile, the ringgit opened slightly lower against the US dollar despite the firmer crude oil price as global concerns on rising Covid-19 cases continue to trigger some safe haven flows into the greenback.
At 9am, the local note stood at 4.1910/1935 against the greenback from 4.1900/1930 on yesterday’s close.
OANDA senior market analyst, Edward Moya said with many countries still struggling in the fight against Covid-19, US stocks edged higher into record territories as investors continue to opt for the US growth story. – Bernama, July 13, 2021
