KUALA LUMPUR – Bursa Malaysia recouped last Friday’s losses to open higher today, tracking Wall Street’s rally overnight ahead of the US Federal Open Market Committee’s and Bank Negara Malaysia’s November meetings.
The benchmark FTSE Bursa Malaysia KLCI rose 6.10 points to 1,453.41 after 10 minutes, compared to Friday’s close of 1,447.31.
The market bellwether opened higher by 3.63 points at 1,450.94.
On the broader market, gainers outpaced losers 279 to 107, while 259 counters were unchanged, 1,717 untraded, and 66 others suspended.
Turnover stood at 282.44 million units worth RM114.74 million.
The ringgit opened marginally lower for the third consecutive trading day against the US dollar today, ahead of the US Federal Reserve’s decision on interest rates this week, said a dealer.
At 9am, the local currency edged down to 4.7260/7310 against the greenback from last Friday’s close of 4.7225/7275. – Bernama, October 31, 2022
