KUALA LUMPUR – Bursa Malaysia today rebounded from last week’s close, driven by renewed buying interest in selected heavyweights due to lower stock prices.
At 9.16am, the benchmark FTSE Bursa Malaysia KLCI rose 4.87 points to 1,494.67 from 1,489.80 at the close on Friday.
The index opened 1.96 points better at 1,491.76.
On the broader market, gainers surpassed losers 276 to 215, while 338 counters were unchanged, 1,366 untraded and 11 suspended.
Turnover stood at 437.98 million units worth RM24.28 million.
The ringgit, meanwhile, opened the week on a weaker note as investors continue to worry about Malaysia’s high daily Covid-19 caseload.
At 9.02am, the local note stood at 4.2230/2250 versus the greenback compared with 4.2180/2205 at Friday’s close.
Last Friday, the country logged a record 20,889 new coronavirus infections.
The figure dropped to 18,688 yesterday, but 360 fatalities were recorded, the highest-ever toll registered in a single day. – Bernama, August 9, 2021
