Bursa opens higher ahead of OPR announcement

KUALA LUMPUR: Bursa Malaysia opened higher on Thursday, supported by buying interest in banking and financial stocks ahead of Bank Negara Malaysia’s Overnight Policy Rate (OPR) announcement later today, in line with overnight gains on Wall Street.

At 9.10am, the FTSE Bursa Malaysia KLCI rose 8.04 points to 1,764.91 from Wednesday’s close of 1,756.87.

The benchmark index opened 5.94 points higher at 1,7621.81.

Market breadth was positive, with gainers outpacing losers 322 to 143. A total of 333 counters were unchanged, 1,853 untraded and nine suspended.

Turnover stood at 246.80 million shares worth RM164.51 million.

MORE TO COME

Author: admin