Bursa opens better as uncertainty settles down

BURSA Malaysia opened on a better note today as uncertainty over the local political scenario has subsided after the rulers meeting yesterday.

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 1.62 points to 1,496.26 from 1,494.64 at Friday’s close.

The market barometer opened 0.92 of-a-point better at 1,495.56.

On the scoreboard, gainers staged a rebound from last Friday’s slip, leading 310 to 137 losers, while 299 counters were unchanged, 1,424 untraded and 43 others suspended.

Total volume stood at 456.36 million units worth RM274.94 mil.

Meanwhile, the ringgit opened easier against the US dollar today on lack of buying interest due to the uncertainties over the US stimulus deal, said a dealer.

At 9.05 am, the local currency stood at 4.1550/1600 versus the greenback compared with Friday’s close of 4.1500/1600.

Furthermore, the physical price of gold as of 9.30am stood at EM245.66 per gramme, down RM1.20 from RM246.86 at 5pm last Friday. – Oct 26, 2020

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