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Bursa opens higher on US Fed’s second rate cut
KUALA LUMPUR:
Bursa Malaysia opened higher on Thursday, taking its cue from the mixed performance on Wall Street overnight as investors welcomed the US Federal Reserve’s second interest rate cut this year.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 1.62 points to 1,613.16 from Wednesday’s close of 1,611.54, after opening 2.62 points higher at 1,614.16.
Market breadth was slightly negative, with 184 losers outpacing 136 gainers, while 304 counters were unchanged, 2,086 untraded and 101 suspended.
Turnover stood at 163.55 million shares valued at RM84.54 million.
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