Bargain hunting expected to drive Bursa Malaysia from Monday (Feb 3)

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Bargain hunting expected to drive Bursa Malaysia from Monday (Feb 3)
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PETALING JAYA: Pahang have qualified for the Malaysia Cup final after 11 years by beating Sabah 2-1 in the second leg semi-final, to seal the tie 3-2 on aggregate.

KUALA LUMPUR : Bursa Malaysia is expected to see increased trading activity, driven by improved sentiment in regional and global markets as investors gear up for post-festive bargain hunting, said an analyst.

"Valuations are undemanding, with a price-to-earnings ratio below 14 times compared to its five-year average of about 17 times," he told Bernama, adding that the key index is anticipated to trend within the 1,550 and 1,580 range next week. The FBM Emas Index dropped 151.88 points to 11,883.71, the FBMT 100 Index shrank 149.62 points to 11,575.90, and the FBM Emas Shariah Index fell 177.74 points to 11,737.14.

Similarly, the Energy Index slipped 14.74 points to 823.32, the Healthcare Index sank 20.96 points to 2,162.21, and the Technology Index eased 1.93 points to 58.17.

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