Business

Bursa slightly higher, ringgit lower against US dollar in early trade

Gainers outpace losers 194 to 183, while 270 counters are unchanged

Updated 4 years ago · Published on 24 May 2022 9:50AM

Bursa slightly higher, ringgit lower against US dollar in early trade
At 9.16am, the FTSE Bursa Malaysia KLCI increases 0.47 of-a-point or 0.03% to 1,543.0 from yesterday’s close of 1,542.53. – The Vibes file pic, May 24, 2022

KUALA LUMPUR – Bursa Malaysia was slightly higher in the early session today, driven by mild buying interest after finishing in the red yesterday, in line with the weaker regional market sentiment, dealers said.

At 9.16am, the FTSE Bursa Malaysia KLCI increased 0.47 of-a-point or 0.03% to 1,543.0 from yesterday’s close of 1,542.53.

The benchmark index opened 5.31 points higher at 1,547.84.

On the broader market, gainers led losers 194 to 183, while 270 counters were unchanged, 1,652 untraded, and 11 others suspended.

Turnover stood at 380.12 million units worth RM144.54 million.

The ringgit opened slightly lower against the US dollar today as sentiment for the greenback strengthened ahead of the Federal Open Market Committee meeting on Thursday, said an analyst.

At 9.01am, the local note stood at 4.3925/3960 versus the greenback from Monday’s close of 4.3870/3915. – Bernama, May 24, 2022

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