KUALA LUMPUR – Bursa Malaysia rebounded from yesterday’s losses to open higher today, boosted by renewed buying interest in selected heavyweights as investors took advantage of the lower prices, dealers said.
At 9.15am, the benchmark FTSE Bursa Malaysia KLCI rose 5.58 points to 1,600.49 from yesterday’s close of 1,586.89
It opened 1.42 points better at 1,588.31.
Market breadth was positive with gainers leading losers 269 to 219, while 304 counters were unchanged, 1,426 were untraded and six others were suspended.
Turnover stood at 501.35 million units worth RM245.16 million.
Meanwhile, the ringgit opened higher against the US dollar today as investors remain cautious ahead of the United States economic data disclosure, a dealer said.
At 9.04am, the local note rose to 4.1465/1500 versus the greenback from yesterday’s close of 4.1535/1550.
The dealer said investors are likely content to play the range in the major currency space while waiting for US non-farm payroll data, which is due to be released tomorrow. – Bernama, September 2, 2021
