Bursa opens higher on positive Wall St performance, ringgit strengthens against greenback FMTNews FMTBusiness
KUALA LUMPUR: Bursa Malaysia opened higher in line this morning following Wall Street’s positive performance overnight.
At 9.09am, the FTSE Bursa Malaysia KLCI gained 2.76 points to 1,427.37 from yesterday’s close of 1,424.61.Market breadth was positive as gainers beat decliners 201 to 87, while 214 counters were unchanged, 1,774 untraded and 73 others suspended. Meanwhile, the ringgit opened higher against the weakening greenback ahead of the release of the United States core personal consumption expenditure inflation data later today, said an analyst.
At 9am, the local note strengthened to 4.4120/4170 versus the US dollar compared with yesterday’s closing rate of 4.4185/4225.
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