Analyst expects benchmark index to hover in the 1,440-1,450 range today.
KUALA LUMPUR: Bursa Malaysia opened on a better note this morning, tracking Wall Street’s positive performance overnight.
“Although such correction is deemed healthy, we reckon an immediate rebound is imminent as bargain-hunting activities should emerge anytime soon, thus, we anticipate the index to hover in the 1,440-1,450 range today,” he said to Bernama. On the broader market, decliners outpaced gainers 280 to 202, while 302 counters were unchanged, 1,567 untraded and 15 others suspended.Among the heavyweights, Maybank added 2 sen to RM9.01, Public Bank and Petronas Chemicals both gained 1 sen to RM4.09 and RM6.81, respectively, while CIMB increased 4 sen to RM5.62 and TNB advanced 3 sen to RM10.02.
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