KUALA LUMPUR – Bursa Malaysia extended last week’s gains to open higher today as risk appetite in markets improved after Wall Street rose on Friday, said an analyst.
At 9.10am, the FTSE Bursa Malaysia KLCI rose 3.12 points to 1,434.16 from Friday’s close of 1,431.04.
The benchmark index opened 1.26 points firmer at 1,432.30.
Market breadth was positive with gainers surpassing decliners 199 to 123, while 226 counters were unchanged, 1,693 untraded, and 11 others suspended.
Turnover stood at 224.99 million units worth RM77.31 million.
Meanwhile, the ringgit opened marginally lower against the US dollar today as strong jobs data in the United States eased worries over a recession there, spurring demand for the greenback.
At 9am, the local note eased to 4.4370/4450 versus the US dollar from last Friday’s closing rate of 4.4350/4400. – Bernama, May 8, 2023
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