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KUALA LUMPUR – Bursa Malaysia opened higher today following a relief rally staged by Wall Street last Friday with all three major US indices closing broadly higher, a dealer said.
At 9.05am, the FTSE Bursa Malaysia KLCI gained 2.99 points to 1,439.69 from Friday’s close of 1,436.70.
The benchmark index opened 2.12 points higher at 1,438.82.
Overall market breadth was positive as gainers surpassed losers 198 to 99, while 189 counters were unchanged, 1,822 untraded and 55 others suspended.
Turnover stood at 169.15 million units worth RM58.65 million.
The ringgit opened marginally higher against the US dollar today in anticipation of a higher overnight policy rate being set at the fourth Monetary Policy Committee meeting next week to contain inflation, said an analyst.
At 9.00am, the local currency rose to 4.3990/4020 against the greenback from Friday’s close of 4.4010/4045. – Bernama pic, June 27, 2022