KUALA LUMPUR – Bursa Malaysia opened slightly higher this morning, supported by fresh buying in selected heavyweights as lower prices after recent losses in certain counters drew investors’ interest.
At 9.15am, the FTSE Bursa Malaysia KLCI increased by 0.96 of-a-point to 1,410.58 from 1,409.62 at yesterday’s close.
The barometer index opened 0.68 points weaker at 1,408.94.
However, the broader market saw decliners surpassing advancers 205 to 123, while 252 counters were unchanged, 1,678 untraded and 14 others suspended.
Turnover stood at 201.88 million units worth RM71.13 million.
Meanwhile, the ringgit extended its downtrend against the US dollar this morning, breaching the 4.6 level as the greenback continued to strengthen on the expectation of an interest rate hike in the United States.
At 9am, the local note was trading at 4.6090/6130 against the greenback compared with yesterday’s closing of 4.5920/5950. – Bernama, May 25, 2023
