KUALA LUMPUR – The ringgit opened higher against the US dollar on Friday ahead of the United States employment report, which is scheduled to be released today, a dealer said.
At 9am, the local note rose to 4.1490/1510 versus the greenback from yesterday’s close of 4.1570/1600.
ActivTrades trader Dyogenes Rodrigues Diniz said the US non-farm payroll data is the most important indicator of the economic situation in the US, adding that the market expects some 750,000 new jobs to have been created over the last month.
Meanwhile, Bursa Malaysia rebounded from yesterday’s losses to open higher today, bolstered by renewed buying interest in selected heavyweights as investors were drawn by the lower share prices.
At 9.15am, the benchmark FTSE Bursa Malaysia KLCI rose 3.29 points to 1,585.48 from yesterday’s close of 1,582.19,
It opened 2.98 points better at 1,585.17.
Market breadth was positive with gainers leading losers 259 to 154, while 292 counters were unchanged, 1,483 untraded and 17x others suspended.
Turnover stood at 408.95 million units worth RM169.91 million. – Bernama, September 3, 2021
