KUALA LUMPUR – Bursa Malaysia opened slightly lower but rebounded thereafter, driven by bargain hunting in selected heavyweights, led by the financial services counters.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.23 points to 1,557.74 from yesterday’s close of 1,555.51.
It opened 0.65 of-a-point lower at 1,554.86.
Market breadth was positive with gainers edging past losers 165 to 158, while 277 counters were unchanged, 1,668 untraded and six others suspended.
Turnover stood at 169.04 million units worth RM84.62 million.
Meanwhile, the ringgit fell further against the US dollar at the opening bell today, as traders moved into other safe-haven currencies like the Japanese yen after the United States’ inflation data for August 2021 expanded at a slower-than-expected pace.
At 9.01am, the local note eased to 4.1620/1670 against the greenback from 4.1615/1640 at Tuesday’s close. – Bernama, September 15, 2021
