
Credit to: www.nst.com.my
KUALA LUMPUR: Bursa Malaysia opened marginally higher on Tuesday, tracking Wall Street's overnight gains as investor sentiment was lifted by the continued pause in military strikes between the US and Iran.At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.24 of a point to 1,666.15 from Monday's close of 1,665.91.
The benchmark index opened 1.37 points higher at 1,667.28.Market breadth was positive, with gainers outnumbering losers 181 to 130, while 297 counters were unchanged, 2,082 untraded, and 79 suspended.Turnover stood at 157.26 million shares valued at RM89.56 million.Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI pared earlier losses to end little changed yesterday, possibly due to late bargain-hunting, although investors remained cautious over external uncertainties, as reflected in the day's relatively low trading volume of 2.7 billion shares
."With no clear signs of West Asia tensions easing, we anticipate another lacklustre day on the local bourse, with the FBM KLCI expected to trade within the 1,660-1,670 range today," he told Bernama.
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