Bursa Malaysia opens higher, tracking Wall Street gains
At 9.24am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.33 per cent or 5.09 points to 1,532.07, up from Monday's close of 1,526.98.
Market breadth was positive, with 299 gainers outpacing 151 losers, while 343 counters remained unchanged.
Rakuten Trade Sdn Bhd noted that the FBM KLCI declined as anticipated, providing the local market an opportunity to consolidate following Friday's strong rebound.
"Nonetheless, we believe the index may experience some buying support, hence expect the index to hover between the 1,525-1,535 range today," it said.
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