Bursa Malaysia opens higher on stronger oil prices

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KUALA LUMPUR, Oct 5 ― Bursa Malaysia opened higher this morning, supported by stronger oil prices and bargain hunting activities ahead of the tabling of Budget 2023 which is...

KUALA LUMPUR, Oct 5 ― Bursa Malaysia opened higher this morning, supported by stronger oil prices and bargain hunting activities ahead of the tabling of Budget 2023 which is scheduled for Friday, a dealer said.

“Meanwhile, investors may put energy stocks on their radar with the rebound in crude oil price,” the brokerage said in a statement today. As such, it anticipated the resistance to be at 1,430 -1,450, while the support is set along 1,400 today.

 

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