Bursa Malaysia extends yesterday’s gains, opens higher

KUALA LUMPUR – Bursa Malaysia extended yesterday’s gains to open higher today, supported by continued buying momentum in selected heavyweights despite the cautious sentiment in regional markets, dealers said.

At 9.15am, the benchmark FTSE Bursa Malaysia KLCI gained 1.63 points to 1,497.85 from 1,496.22 at yesterday’s close.

The market bellwether opened 0.66 points better at 1,496.88.

In the broader market, gainers surpassed decliners 178 to 135, while 224 counters were unchanged, 1,655 untraded, and 10 others suspended.

Turnover amounted to 187.99 million units worth RM87.04 million.

Meanwhile, the ringgit extended yesterday’s gains to open higher today against the greenback on renewed buying interest.

At 9am, the ringgit appreciated to 4.2975/3015 against the greenback from yesterday’s close of 4.3050/3100. – Bernama, January 20, 2023