Bursa Malaysia Opens Marginally Lower, But Turns Higher Thereafter
KUALA LUMPUR, May 5 (Bernama) -- Bursa Malaysia opened marginally lower but turned higher on Monday, buoyed by the positive sentiment of fund inflows by foreign investors throughout last week, analysts said.
At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.84 points to 1,544.33 from last Friday's close of 1,542.49.
The benchmark index was 0.71 of-a-point easier at 1,541.78 at the opening bell.
Turnover stood at 123.73 million shares worth RM65.76 million.
Market breadth was positive, with 233 gainers outnumbering 90 decliners, 244 counters were unchanged, 1,778 untraded, and 27 suspended.
Rakuten Trade Sdn Bhd's equity research vice-president Thong Pak Leng said investors were heartened by the return of foreign buying, which had seen unprecedented outflows since the beginning of 2025.
He said that with the local bourse closing above the 1,540 mark last week, the benchmark index may re-test the 1,600 mark soon.
'As such, we believe the index will trend within the 1,540-1,555 range today. It is also worthwhile to note that the ringgit has strengthened to RM4.26 per US dollar,' Thong told Bernama.
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