KUALA LUMPUR, July 29 — Bursa Malaysia extended yesterday’s gains to open higher today, delivering a solid performance amid positive market sentiment. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.15 points, or 0.07 per cent, to 1,611.09 from 1,609.94 at Tuesday’s...
Market breadth was positive, with gainers leading losers 245 to 159, while 319 counters were unchanged, 1,274 untraded and 56 others suspended. — Reuters pic
“That looks to persist over the near term as the market has brightened up again by the rally in glove makers stocks,” it said, adding that the stronger ringgit, which is traded higher against the US dollar this morning, may provide some impetus for further gains. “Support levels for the index are at 1,550, 1,580 and 1,600, while the resistance levels are at 1,610, 1,622 and 1,636,” it said in a separate note.
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