Bursa opens higher tracking Wall Street gains
The benchmark index moves up 5.01 points to 1,635.88 from last Friday's close of 1,630.87.
Bursa Malaysia opened higher on Monday, tracking gains on Wall Street. The FTSE Bursa Malaysia KLCI rose 5.01 points, or 0.31%, to 1,635.88 at 9:10am, having opened 2.55 points higher at 1,633.42. This comes after softer US payroll growth eased expectations of an immediate Federal Reserve rate increase.
On the broader market, gainers outnumbered losers 224 to 158, with 337 counters unchanged, 2,054 untraded, and 24 suspended. Turnover stood at 206.30 million shares worth RM98.78 million. According to Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng, the US 10-year yield remained elevated at 5.28% and Brent crude oil settled at US$102.25 per barrel.
Several heavyweight stocks gained, including Maybank, Public Bank, CIMB, and Tenaga Nasional, which each rose four sen to RM10.06, RM4.70, RM7.69, and RM13.00 respectively. IHH Healthcare decreased six sen to RM7.74.
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- Bursa opens higher tracking Wall Street gains freemalaysiatoday.com
