KUALA LUMPUR – Bursa Malaysia recovered from yesterday’s losses as investors nibbled on beaten-down heavyweights and repositioned themselves, moving into the year-end window-dressing period.
At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 6.79 points to 1,490.24 compared with 1,483.45 at yesterday’s close.
The market bellwether opened 1.49 points better at 1,484.94.
On the broader market, gainers trounced losers 274 to 127, while 236 counters were unchanged, 1,649 untraded, and 20 others suspended.
Turnover stood at 339.5 million units valued at RM161.1 million.
Meanwhile, the ringgit edged up against the US dollar at the open today due to better demand in the market, although the local note continues to trade in cautious mode, a dealer said.
At 9am, the local note rose to 4.2280/2320 against the greenback from 4.2310/2340 at yesterday’s close. – Bernama, December 7, 2021
