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

Related News

Business / 1mth

Moves in major US stock indices could spill into currency and gold markets

Off beat / 2mth

Malaysia’s ‘Happy Potato’ enters 4 new markets in 6 months

Business / 4mth

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

Business / 5mth

Ringgit edges higher against US Dollar amid subdued market sentiment

Business / 6mth

Ringgit retreats to 4.00 versus the US Dollar amid West Asia ceasefire uncertainties

Business / 6mth

BNM ensures orderly financial markets amid global uncertainties

Spotlight

Malaysia

JPJ temporarily suspends VTA and registration for Chery Omoda 5

Malaysia

Eligibility for PTPTN repayment deferment to be verified with LHDN

Malaysia

Budget allocates two rounds of cash aid to millions of Malaysians in 70th Merdeka year

Malaysia

No Malaysians killed or injured in Riyadh airport attack, says Wisma Putra

Malaysia

JAIS probes viral religious ritual footage, says AI manipulation not ruled out

Malaysia

10-tonne truck ploughs into 11 vehicles: Police probe possible brake failure

World

Trump weighs joining Saudi strikes after deadly Houthi attack on Riyadh airport

You may be interested

Business

Malaysia draws US$9.5b in orders for US$1.5b sukuk, cuts borrowing costs

Business

Budget 2027 channels RM270m to SMEs through crowdfunding, P2P financing