KUALA LUMPUR – Bursa Malaysia opened marginally higher today, in line with Wall Street’s positive performance as concerns over the fight against inflation abated following the decline in crude oil prices, a dealer said.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI inched up 0.42 of-a-point to 1,491.77 from yesterday’s close of 1,491.35.
The benchmark index opened 0.48 of-a-point lower at 1,490.87.
On the broader market, gainers led losers 192 to 92, while 192 counters were unchanged, 1,814 untraded and nine others suspended.
Turnover stood at 108.54 million units worth RM58.30 million.
Meanwhile, the ringgit rebounded from its loss yesterday to open slightly higher against the US dollar this morning, as cheaper prices due to recent losses prompted investors to return to emerging currencies, including the ringgit.
At 9.05am, the local currency rose to 4.4990/5020 against the greenback from yesterday’s close of 4.5020/5040. – Bernama, September 8, 2022
