Bursa Opens Higher Amid Regional Optimism And Strong China Data
At 9.01am, the FBM KLCI advanced 1.76 points to 1,539.27 from Monday's close of 1,537.51. The index opened at 1,538.91.
Market breadth was positive with gainers outpacing losers, 179 to 112, while 277 counters remained unchanged. Turnover stood at 168.93 million shares valued at RM73.82 million.
Investors were encouraged by China's latest June data, which showed improvements in exports and credit growth, signalling the effectiveness of recent stimulus efforts. This lifted risk sentiment across Asian markets, with the ringgit also strengthening to 4.2445 against the US dollar.
Meanwhile, Wall Street's muted gains overnight, despite fresh tariff threats from US President Donald Trump, showed resilience, as markets now expect constructive negotiations ahead of a packed week of US economic data and earnings reports.
Locally, energy and financial counters showed early momentum, while tech-related stocks gained traction on spillover demand from US tech optimism.
Analysts expect cautious optimism to persist ahead of key earnings season releases and macroeconomic updates globally. Related
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