KUALA LUMPUR – Bursa Malaysia extended its gains to open slightly higher today, taking its cue from Wall Street’s better performance overnight, where the Nasdaq also saw robust gains, dealers said.
At 9.06am, the FTSE Bursa Malaysia KLCI added 1.29 points to 1,395.96 from 1,394.67 at yesterday’s close.
The key index opened 0.85 of-a-point better at 1,395.52.
However, on the broader market, losers led gainers 130 to 85, while 196 counters were unchanged, 1,907 untraded, and 19 others suspended.
Turnover stood at 225.27 million units worth RM45.38 million.
Meanwhile, the ringgit continued its downtrend to open lower against the US dollar today after the greenback continued to strengthen on encouraging economic data, an economist said.
At 9am, the local unit fell to 4.6630/6670 versus the greenback, compared to 4.6525/6580 at yesterday’s close.
ActivTrades trader Dyogenes Rodrigues Diniz said that the US dollar’s upward movement was driven by the higher-than-expected United States existing home sales data. – Bernama, June 23, 2023
