Bursa Malaysia opens higher after Wall Street’s relief rally

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KUALA LUMPUR (June 27): Bursa Malaysia opened higher on Monday following a relief rally staged by Wall Street last Friday with all three major US indices closing broadly higher, a dealer said.

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At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.99 points to 1,439.69 from Friday’s close of 1,436.70.

The benchmark index opened 2.12 points higher at 1,438.82.

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Overall market breadth was positive as gainers surpassed losers 198 to 99, while 189 counters were unchanged, 1,822 untraded and 55 others suspended.

Turnover stood at 169.15 million units worth RM58.65 million.-BERNAMA