KUALA LUMPUR – Bursa Malaysia opened higher today, snapping its losing streak, indicating that bargain hunting activities are on the way after mild buying support emerged in the final hour of trading yesterday.
At 9.06am, the benchmark FTSE Bursa Malaysia KLCI rose by 2.69 points to 1,485.26 from yesterday’s closing of 1,482.57.
The benchmark index opened 1.53 points easier at 1,484.10.
On the broader market, gainers led losers 160 to 114, while 199 counters were unchanged, 1,859 untraded and seven others suspended.
Turnover stood at 181.58 million units worth RM74.35 million.
The ringgit was slightly stronger against the US dollar this morning due to mild demand for the domestic currency.
At 9.29am, the local currency stood at 4.4850/4885 against the greenback from yesterday’s close of 4.4865/4900. – Bernama, August 24, 2022
