KUALA LUMPUR – The ringgit has maintained its uptrend against the US dollar this morning as growing concerns over global economic developments saw more investors shifting away from safe havens, dealers said.
At 9.15am, the local note rose to 4.4680/4710 versus the greenback compared with yesterday’s closing rate of 4.4690/4715.
Meanwhile, Bursa Malaysia opened slightly higher today, as the key index rose by 0.34% on mild buying momentum in selected heavyweights.
At 9.19am, the benchmark FBM KLCI rose 4.78 points to 1,411.33 from yesterday’s close of 1,406.55, after opening 2.05 points higher at 1408.60.
In the broader market, gainers outpaced decliners 280 to 108, while 245 counters were unchanged, 1,640 untraded, and seven others suspended.
Turnover stood at 415.84 million units worth RM169.29 million. – Bernama, March 22, 2023
