KUALA LUMPUR – Bursa Malaysia opened slightly lower today but rebounded thereafter as renewed buying activities in selected heavyweights offset earlier losses, dealers said.
At 9.10am, the benchmark FTSE Bursa Malaysia KLCI added 1.20 points to 1,521.94 from yesterday's close of 1,520.74, after opening 0.26 of-a-point lower at 1,520.48.
However, on the broader market, losers surpassed gainers 218 to 129, while 267 counters were unchanged, 1,678 untraded and 18 others suspended.
Turnover amounted to 232.21 million units worth RM110.29 million.
The ringgit opened lower against the US dollar today on better buying interest for the greenback.
At 9.06am, the local note eased to 4.1600/1630 versus the greenback from 4.1525/1545 at yesterday's close.
ActivTrades trader Dyogenes Rodrigues Diniz said the US inflation data (as measured by the Consumer Price Index) came in higher than expected at 4.6% against the forecast of 4.3%, thus becoming the main catalyst for the upward movement in the US dollar-ringgit pairing. – Bernama, November 11, 2021
