KUALA LUMPUR – Bursa Malaysia rebounded to open higher today, tracking the strong gains on Wall Street in anticipation of the earnings season, a dealer said.
At 9.10am, the key index rose 1.48 points to 1,419.92 from Friday’s close of 1,418.44. It opened 2.45 points higher at 1,420.89.
On the broader market, gainers led losers 190 to 116, while 199 counters were unchanged, 1,782 untraded and 20 others suspended.
The ringgit bounced back to open marginally higher against the US dollar today, as more investors weighed on a possible interest rate hike by the Federal Open Market Committee next week, a dealer said.
At 9.08am, the local currency improved to 4.4440/4490 versus the greenback from last Friday's close of 4.4480/4505. – Bernama, July 18, 2022
