The main index advances to 1,665.48 as lower crude oil prices fuel expectations of easing inflationary pressures.The main index advances to 1,665.48 as lower crude oil prices fuel expectations of easing inflationary pressures.
Bursa opens higher on consumer stock gains
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KUALA LUMPUR: Bursa Malaysia opened higher today despite mixed overnight cues from Wall Street, supported by consumer stocks as lower crude oil prices fuelled expectations of easing inflationary pressures, a dealer said.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.65 points, or 0.22%, to 1,665.48 from Thursday’s close of 1,661.83.
The benchmark index opened 3.90 points higher at 1,665.73.
Market breadth was negative, with losers outnumbering gainers 159 to 151. A total of 265 counters were unchanged, 2,075 were untraded and 12 suspended.
Turnover stood at 155.40 million shares worth RM67.68 million.
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