Bursa Malaysia rebounds to open higher | Malay Mail

KUALA LUMPUR, Aug 4 — Bursa Malaysia rebounded to open higher today, following yesterday’s steep decline while tracking Wall Street’s overnight positive performance.  At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 5.14 points to 1,577.75 from...

Bursa Malaysia rebounded to open higher today. ― Picture by Hari Anggara

In a research note, Rakuten Trade Sdn Bhd said tracking the better overnight performance on Wall Street, it expected the local and regional markets to trend higher today, with the benchmark index to possibly test the 1,590 level today, which is the immediate resistance. The brokerage firm also noted that rising Covid-19 cases across the globe will continue to spur demand for healthcare-related products.

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