KUALA LUMPUR – Bursa Malaysia has remained on an uptrend this morning, supported by continuous buying momentum in selected heavyweights, dealers said.
At 9.26am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.46 points to 1,566.75 from 1,564.29 at yesterday’s close.
The index opened 0.10 of-a-point higher at 1,564.39.
On the broader market, gainers surpassed losers 335 to 159, while 292 counters were unchanged, 1,481 untraded and 31 others suspended.
Turnover stood at 485.17 million units worth RM195.18 million.
Meanwhile, the ringgit has strengthened against the US dollar at the opening today, as markets remained cautious about the greenback over the possibility of a hike in the interest rate, a dealer said.
At 9.01am, the local currency was trading at 4.1760/1790 against the US dollar compared with 4.1890/1920 at yesterday’s close.
ActivTrades trader Dyogenes Rodrigues Diniz noted that United States Federal Reserve’s chairman Jerome Powell was reported as saying that much of the inflation rise in the US is linked to issues affecting the global supply chains, which are mostly caused by Covid-19. – Bernama, January 12, 2022
