KUALA LUMPUR – Bursa Malaysia’s key index opened slightly higher but turned lower thereafter amid a lack of strong buying momentum in index-linked counters.
At 9.25am, the benchmark FTSE Bursa Malaysia KLCI shed 8.52 points to 1,473.28 from Friday’s closing of 1,481.80.
The market bellwether opened 0.28 of-a-point higher at 1,482.08.
On the broader market, gainers surpassed losers at 297 versus 249, while 297 counters were unchanged, 1,398 untraded and nine others suspended.
The ringgit opened higher against the US dollar today as the greenback continued its retracement amid dovish US Federal Reserve officials’ statements and increasing risk appetite, an analyst said.
At 9.06am, the local note rose to 4.3750/3830 against the US dollar from last Friday’s close of 4.3835/3925. – Bernama, December 5, 2022
