KUALA LUMPUR, April 26 ― Bursa Malaysia opened higher today on renewed buying interest after undergoing selling pressure yesterday, taking its cue from the overnight Wall Street performance.
“While bargain-hunting activities may emerge following yesterday’s decline, we expect investors’ sentiment to remain wary, and upside on the FBM KLCI could be limited around the 1,600 level for now. On the commodities, the firm said crude oil price is hovering above US$100 , while the crude palm oil futures traded above RM6,200 per tonne.
Of the actives, Yong Tai and South Malaysia Industries were flat at 10.5 sen and 34.5 sen, respectively, Techna-X lost half-a-sen to 10.5 sen, while Siab up half-a-sen to 22 sen and KPower rose two sen to 56.5 sen.
Source: Loan Digest (loandigest.net)
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