Bursa opens marginally higher

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KUALA LUMPUR (July 21): Bursa Malaysia opened marginally higher today after a one-day break for the Aidiladha celebration, taking its cue from the better overnight performance of Wall Street.

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The US stock markets clawed back losses after a global rout on Monday as investors shifted their focus to economic growth and played down concerns over the spread of the Delta coronavirus variant, dealers said.

At 9.05am today, the benchmark FBM KLCI had improved 0.64 of a point to 1,520.61 from Monday’s close at 1,519.97.

The index opened 1.40 points higher at 1,521.37.

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However, market breadth was negative with losers edging past gainers 175 to 160, while 309 counters were unchanged, 1,599 untraded and 18 others suspended.

Turnover stood at 261.32 million units worth RM150.66 million.-BERNAMA