Bursa Malaysia opens higher for third straight day as Fed decision lifts market sentiment

KUALA LUMPUR, Oct 29 — Bursa Malaysia opened higher for the third consecutive day today tracking overnight gains on Wall Street after the United States Federal Reserve (Fed) kept interest rates unchanged at 3.75 per cent to 4.00 per cent.

At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.71 points, or 0.29 per cent, to 1,618.58 from yestereday’s close of 1,613.87.

The benchmark index opened 0.57 of a point higher at 1,614.44.

Across the broader market, gainers outpaced losers 198 to 104, while 291 counters were unchanged, 2,284 untraded, and 161 suspended.