KUALA LUMPUR: The ringgit and Bursa Malaysia reversed several days of decline from last week to start on a positive note this morning.
At the opening bell, the ringgit climed to to 4.6555/4.6600 against the greenback from 4.6655/4.6675 at the close last Friday, lifted by softer US non-farm payroll (NFP).
The NFP failed to meet expectations, coming in at the 209,000 level in June compared with a forecast 220,000 for its lowest level since December 2020.
Bursa reversed a marginal drop at the start of trading but turned positive quickly to chalk up a 3.81-point gain 17 minutes after opening to settle at 1,381.48 points.
It has opened at 1,377.56 points, just 0.11 of a point from last Friday’s close of 1,377.67 points.