KUALA LUMPUR, July 29 ― Bursa Malaysia opened higher today as investors digested the spillover of overnight US market which was mixed with the Nasdaq rallying while the Dow falling amid a slew of corporate earnings.
“Despite daily Covid-19 infections continue to be on the rise amid ramped up testing in the Klang Valley, we expect the vaccination rate should brush off negative sentiment and traders may look for recovery opportunities. “For sector in focus, taking cues from the overnight positive performance on Nasdaq, investors may focus on the technology sector. Besides, some bashed-down stocks in the recovery-theme sector such as essential consumers may also gain traction,” it added.
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