Business

Local bourse mixed in early trade

Ringgit rebounds to 4.1782/1820 against greenback

Updated 5 years ago · Published on 07 Oct 2021 9:30AM

Local bourse mixed in early trade
FBM KLCI eases 1.52 points to 1,557.9 at 9.05am today. – File pic, October 7, 2021

KUALA LUMPUR – Bursa Malaysia was mixed in early trade today, with the key index retreating from its gains yesterday on profit taking, while the broader market performed better due to buying in small-capitalisation stocks.

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI eased 1.52 points to 1,557.9 from yesterday’s close of 1,559.42.

It opened 1.18 points easier at 1,558.24.

The ringgit, meanwhile, opened higher against the United States dollar on a technical correction after the greenback strengthened yesterday following a firmer US non-farm payrolls data report.

At 9am, the local note rebounded to 4.1782/1820 versus the dollar from 4.1825/1845 at the close yesterday. – Bernama, October 7, 2021

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