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KUALA LUMPUR – The ringgit opened marginally higher against the United States dollar today as the US Federal Reserve’s stance on its monetary policy signalled renewed buying interest for the greenback, an analyst said.
At 9.13am, the local note rose slightly to 4.3710/3760 against the greenback from yesterday’s close of 4.3715/3755.
Meanwhile, Bursa Malaysia opened higher but turned marginally lower thereafter, taking the cue from the mixed regional market performances amid improved overnight performance on Wall Street, said a dealer.
At 9.05am, the benchmark FBM KLCI fell slightly by 0.48 of a point to 1,484.65 from yesterday’s close of 1,485.13.
The market bellwether opened 1.91 points better at 1,487.04.
However, on the broader market, gainers surpassed decliners 175 to 113, while 244 counters were unchanged, 1,669 untraded and 10 others suspended.
Turnover amounted to 213.46 million units worth RM62.95 million. – Bernama, January 11, 2023