In a research note, Maybank Investment Bank said bargain hunting would likely to continue, particularly in recently beaten down stocks.
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI is slightly higher at the early session today amid mild buying interest in the heavyweights led by Petronas Chemicals and Maybank.
On the broader market, gainers outpaced decliners 176 to 82, while 212 counters remained unchanged, 1,438 untraded and 19 others suspended.In a research note today, Maybank Investment Bank said bargain hunting would likely to continue, particularly in recently beaten down stocks. Of the heavyweights, Petronas Chemicals advanced six sen to RM8.99, Maybank gained three sen to RM9.03, CIMB added two sen to RM5.07 and PPB Group jumped 10 sen to RM18.90.
Of the actives, Iskandar Waterfront advanced 7.5 sen to 93.5 sen, Ekovest rose three sen to 62 sen, Sapura Energy and Vsolar Group were flat at 31.5 sen and 15 sen, respectively, while KNM shed one sen to15.5 sen and Seacera shed 1.5 sen to 32 sen.
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