KUALA LUMPUR, July 18 — Bursa Malaysia rebounded to open higher on Monday, tracking the strong gains on Wall Street in anticipation of the earnings season, a dealer said.
On the broader market, gainers led losers 190 to 116, while 199 counters were unchanged, 1,782 untraded and 20 others suspended.Malacca Securities Sdn Bhd said recession fears would continue to permeate investors’ sentiment in the near term following the strong gains on Wall Street. “Traders may trade cautiously within the energy sector as oil price was pressured due to recession fears, albeit the Brent oil has rebounded above the US$100 level,” it said in a note today.
As for the actives, Ecoscience International lost three sen to 27 sen, BSL Corporation edged up one sen to 11 sen, Top Glove Corporation inched up 1.5 sen to RM1.01, Malaysian Genomics Centre rose two sen to RM1.09, and MQ Technology was flat at 3.5 sen.
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