KUALA LUMPUR, July 7 ― Bursa Malaysia opened higher today taking a cue from the better overnight performance of US stocks which finished sharply higher in tandem with surging Chinese equity benchmarks. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.64 points to 1,586.54 from...
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI rose 9.64 points to 1,586.54 from yesterday’s close of 1,576.90. — Picture by Azneal Ishak
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI rose 9.64 points to 1,586.54 from yesterday’s close of 1,576.90.Overall market breadth was positive with gainers led losers 347 to 90, while 252 counters were unchanged, 1,247 untraded and 25 others suspended.Rakuten Trade Sdn Bhd in a note said Wall Street closed broadly higher on better than expected job data that strengthened investors’ confidence in equities despite the surge in COVID-19 cases in the US.
“Nonetheless, we caution that profit taking may take place soon with immediate support at the 1,570 level,” it added. On the index board, the FBM Emas was 75.13 points higher at 11,163.12, the FBMT 100 Index advanced 74.25 points to 11,011.77.51 and the FBM 70 rose 121.89 points to 13,702.89.
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