Bursa opens higher, ringgit eases against US dollar

KUALA LUMPUR – Bursa Malaysia opened on a positive note today, taking its cue from the broad-based rebound on Wall Street last Friday, a dealer said.

At 9.06am, the benchmark FTSE Bursa Malaysia KLCI increased by 5.22 points to 1,501.75 from Friday’s close of 1,496.53.

The benchmark index opened 1.13 points firmer at 1,497.66.

On the broader market, gainers surpassed losers 217 to 88, while 209 counters were unchanged, 1,801 untraded and nine others suspended.

Turnover stood at 139.91 million units worth RM74.03 million.

The ringgit had eased against the US dollar in the early morning trade today as sentiments continued to favour the greenback, a dealer said.

At 9am, the local currency slid to 4.4970/5010 against the greenback from 4.4965/4990 at Friday’s close. – Bernama, September 12, 2022