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KUALA LUMPUR – Bursa Malaysia extended its gains to open higher today, taking its cue from Wall Street’s better performance overnight as traders focus on the upcoming release of the United States consumer price index and the US producer price index data, as well as the start of the earnings season.
At 9.10am, the FTSE Bursa Malaysia KLCI rose 2.32 points to 1,385.38 from 1,383.06 at yesterday’s close.
The key index opened 3.03 points higher at 1,386.09.
The broader market was also positive, as advancers surpassed decliners 182 to 113, while 255 counters were unchanged, 1,700 untraded, and 16 others suspended.
Turnover stood at 201.47 million units worth RM84.97 million.
Meanwhile, the ringgit opened marginally higher against the US dollar as the greenback continued to trend lower due to markets’ expectation of a lower US consumer price index print set to be released tomorrow.
At 9.05am, the local note was traded at 4.6605/6650 against the greenback, compared with 4.6685/6725 at yesterday’s close. – Bernama, July 11, 2023