KUALA LUMPUR, July 28 — Bursa Malaysia opened higher today, tracking the firmer Wall Street overnight as investors reacted positively to news of more Covid-19 stimulus efforts from the United States government. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) perked 4.61 points, or...
Market breadth was positive, with gainers leading losers 323 to 127, while 287 counters were unchanged, 1,272 untraded and 28 others suspended. ― Picture by Hari Anggara
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI perked 4.61 points, or 0.29 per cent to 1,596.09 from 1,591.48 at yesterday's close.Market breadth was positive, with gainers leading losers 323 to 127, while 287 counters were unchanged, 1,272 untraded and 28 others suspended.With the overnight Dow Jones Industrial Average rising 115 points to almost the 26,600-mark, Rakuten Trade Sdn Bhd said that boded well for the local stock market.
Separately, Public Investment Bank Bhd anticipated the key index to remain choppy and trend sideways between the 1,580 and 1,600 marks with a slight bearish bias, should the selling force ensue amid accelerating downward momentum. “On the broader market, traders are expected to nibble on weaknesses in telecommunication and media as well as transportation and logistics sectors as they rotate trading positions,” it said in a note today.
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