KUALA LUMPUR – Bursa Malaysia extended yesterday’s gains to open higher today, driven by continued buying interest in selected heavyweights amid cautious sentiment in the regional markets, dealers said.
At 9.18am, the benchmark FTSE Bursa Malaysia KLCI rose 4.09 points to 1,522.87 from 1,518.78 at yesterday’s close.
The benchmark index opened 0.77 of a point higher at 1,519.55.
On the broader market, gainers led decliners 193 to 167, while 257 counters were unchanged, 1,662 untraded and six others suspended.
Turnover stood at 324.99 million units worth RM163.13 million.
The ringgit opened slightly higher against the US dollar as demand for the greenback paused overnight following a mixed US stock market, analysts said.
It was reported that some US stocks trimmed their gains but closed mostly higher.
At 9am, the local currency edged up to 4.4630/4660 versus the greenback from yesterday’s close of 4.4660/4680. – Bernama, August 17, 2022
