Ringgit opens higher vs US dollar ahead of BNM OPR decision
The local note rises to 4.0385/4.0455, with the central bank widely expected to keep rates unchanged at 2.75%.
KUALA LUMPUR, Sept 3 — The Bursa Malaysia market opened higher on Tuesday, buoyed by gains in financial, plantation and utilities stocks as investors anticipated Bank Negara Malaysia's overnight policy rate (OPR) decision and noted Wall Street's positive closing. The FTSE Bursa Malaysia KLCI index rose 2.36 points to 1,711.10, while the benchmark index opened 2.42 points higher at 1,711.16.
Market breadth was positive, with 152 gainers to 118 losers, while 271 counters remained unchanged, 2,231 were untraded and 17 were suspended. Turnover reached 127.56 million shares worth RM46.95 million. Bank Negara Malaysia's Monetary Policy Committee was set to meet that day to decide on the OPR, with expectations that the central bank would keep the rate at 2.75 per cent for the rest of 2026.
Thong Pak Leng, Rakuten Trade Sdn Bhd equity research vice-president, attributed the Wall Street's positive performance to easing bond yields, which reduced pressure on stocks and provided some relief to investors.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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