Business

Bursa opens higher then eases due to mild profit-taking

With rising oil prices, ringgit up, too

Updated 5 years ago · Published on 27 Sep 2021 9:30AM

Bursa opens higher then eases due to mild profit-taking
At 9.10am, the benchmark FBM KLCI inched down 1.0 point to 1,531.06 from Friday’s close of 1,532.06. – Pixabay pic, September 27, 2021

KUALA LUMPUR – Bursa Malaysia opened marginally higher today but retreated thereafter due to mild profit-taking in selected heavyweights, dealers said.

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 1.0 point to 1,531.06 from Friday’s close of 1,532.06.   

It opened 0.83 of-a-point higher at 1,532.89.  

However, market breadth was positive, with gainers outpacing losers 229 to 198, while 346 counters were unchanged, 1,540 untraded and 16 others suspended.

Turnover stood at 379.37 million units worth RM209.13 million.

Meanwhile, the ringgit opened higher against the US dollar today on improving sentiments towards the currency, coupled with rising oil prices, a dealer said. 

At 9.03am, the local note rose to 4.18501900 versus the greenback from Friday’s close of 4.1865/1890. – Bernama, September 27, 2021

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