By Abdul Hamid A Rahman
KUALA LUMPUR: Bursa Malaysia opened higher today, supported by improved investor sentiment, tracking Wall Street’s mostly positive performance last Friday.
At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index rose 1.13 points to 1,680.18 from Friday’s close of 1,679.05. The index opened 3.35 points higher at 1,682.40.
However, market breadth was negative, with decliners outpacing gainers 190 to 144, while 316 counters were unchanged, 2,000 untraded, and 10 suspended.
Turnover amounted to 131.52 million shares worth RM66.48 million.
Rakuten Trade Sdn Bhd head of research Kenny Yee said Wall Street closed mostly higher last Friday, as the United States (US) futures indices were pointing upward as expectations of a rate hike diminished following weaker-than-expected US jobs data for May.
