Bursa Malaysia opens higher
Publish date: Thu, 13 Aug 2020, 09:39 AM
KUALA LUMPUR: Bursa Malaysia reversed yesterday's losses to open higher today, taking its cue from a rebound in US stocks as investors' appetite for technology stocks resumed.
Investors also reacted positively to signs of a slowdown in the spread of Covid-19, and stronger-than-expected US economic data.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 7.61 points to 1,564.25 from Wednesday's close of 1,556.64.
The key index opened 7.49 points higher at 1,564.13.
Market breadth was positive, with gainers leading losers 408 to 106, while 232 counters were unchanged, 1,240 untraded and 33 others suspended.
Trading volume stood at 706.44 million shares worth RM258.62 million.
- Bernama
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