KUALA LUMPUR, Aug 20 — Bursa Malaysia rebounded to open higher this morning on mild buying interest in selected heavyweights, led by CIMB and Public Bank. At 9.07am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.94 points to 1,517.89, from Thursday’s close...
KUALA LUMPUR, Aug 20 — Bursa Malaysia rebounded to open higher this morning on mild buying interest in selected heavyweights, led by CIMB and Public Bank.
“Nevertheless, downside risks include the high Covid-19 daily infection rate as well as the declining crude oil price. It noted that investors may focus on the recovery-theme sectors such as consumer as well as transportation and logistics, following the further relaxation on SOPs in Phase One states starting today.
Among the heavyweights, CIMB rose four sen to RM4.64, Public Bank gained two sen to RM3.93, Maybank added three sen to RM8.12, Kuala Lumpur Kepong advanced 18 sen to RM20.18, Petronas Chemicals was flat at RM7.97 and TNB shed two sen to RM9.88.
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