Bursa open higher, ringgit strengthens ahead of BNM’s annual report FMTNews FMTBusiness
Bursa Malaysia opened trade higher today following positive Wall Street performance overnight, while the ringgit strengthened ahead of Bank Negara Malaysia’s annual report this week.
KUALA LUMPUR: Bursa Malaysia opened higher today following Wall Street’s positive overnight performance.The market breadth was positive with gainers leading decliners 157 to 110, while 235 counters were unchanged, 1,794 untraded and 24 others suspended.Meanwhile, the ringgit strengthened against the US dollar on renewed demand for the local currency ahead of Bank Negara Malaysia’s annual report on March 29 and the release of US consumer confidence data, said an analyst.
At 9am, the local currency bounced to 4.3850/3900 versus the greenback compared with yesterday’s closing rate of 4.4190/4240.
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