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The ringgit traded higher against the US Dollar in today's early session, driven by continued buying interest towards the local currency.

The main index rebounded to 1,660.94 from a weaker close yesterday.

Turnover stood at 1.76 billion units valued at RM1.36 billion.

The strongest day of net buying was on Friday, with RM288.3 million recorded, according to MIDF.

Tengku Datuk Seri Zafrul Abdul Aziz said it reflects investors medium- and long-term confidence in the country.

Wall Street closed higher, underpinned by broad-based buying, pushing the Dow Jones Industrial Average index to a record high.

MIDF said local institutions continued to play their role in supporting the local bourse with a net buying of RM32.2 million last week.

Bursa Malaysia stayed higher at midday, supported by persistent buying in heavyweight stocks while tracking its regional peers.

Transport Minister Anthony Loke said that through this method, the government no longer focuses on buying new assets.

On the broader market, gainers led losers 159 to 105, while 215 counters were unchanged, 1,820 untraded and 10 others suspended.

The ringgit was traded almost flat at the opening against the US dollar today on lack of fresh buying interest amid low volatility due to the Thanksgiving holiday.

Datuk Zahari Sarip said the state's monthly consumption of rice amounted to 21,000 metric tons, while the supply is 23,000 metric tonnes.

S. Veerapan said consumers should buy according to their needs as panic buying would cause disruption to the local supply chain.

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