KUALA LUMPUR: Bursa Malaysia opened higher on Wednesday as investors engaged in bargain hunting following the extended market closure last week, while positive sentiment from Wall Street’s overnight gains also supported buying interest.
At 9.33am, the benchmark FTSE Bursa Malaysia KLCI rose 5.34 points, or 0.31%, to 1,688.41 from Friday’s close of 1,683.07.
The index opened 4.06 points higher at 1,687.13.
Bursa Malaysia was closed on Monday (June 1) and Tuesday (June 2) in observance of the birthday of the Yang di-Pertuan Agong and the replacement holiday for Wesak Day, respectively.
Market breadth was negative, as losers outnumbered gainers 377 to 350, while 412 counters were unchanged, 1,464 were untraded, and 13 were suspended.
MORE TO COME