KUALA LUMPUR – Bursa Malaysia opened lower but rebounded thereafter today, lifted by buying interest in selected heavyweights prior to a series of economic data releases during the week, a dealer said.
At 9.05am, the FTSE Bursa Malaysia KLCI was 5.22 points higher at 1,531.15 from yesterday’s close of 1,525.93.
However, the benchmark index opened 0.03 points lower at 1,525.90.
On the broader market, gainers led losers 130 to 121, while 213 counters were unchanged, 1,810 untraded and nine others suspended.
Turnover stood at 140.64 million units worth RM61.89 million.
The ringgit inched up against the US dollar today, albeit at a slower pace, amid the global scenario of inflation and a policy of economic tightening.
At 9am, the local currency eased to 4.3930/3960 versus the US dollar from yesterday’s close of 4.3935/3960.
ActivTrades Trader Dyogenes Rodrigues Diniz said the dollar may continue to appreciate in the medium and long term.
“The bullish move of the US currency comes amid growing tension in Asia surrounding North Korea’s military exercises, prompting the US to conduct military exercises along with South Korea,” he said. – Bernama, June 8, 2022
