KUALA LUMPUR, Jan 4 ― Bursa Malaysia opened lower but turned slightly higher soon after on improved buying appetite.
“Still, we believe the reopening of China’s travel borders may provide decent growth for most of the global economies with another round of pent-up demand,” it said in a note yesterday. “Besides, the tourism sector may see a turnaround with traveling activities picking up amid the reopening of China’s borders. Meanwhile, the healthcare sector could see some trading interest on anxiety over the Covid-19 variants,” said Malacca Securities.
As for the actives, Hong Seng Consolidated edged up half-a-sen to 22.5 sen, L&P Global increased three sen to 57.5 sen, Cypark advanced two sen to 54 sen, Lion Industries improved 1.5 sen to 40 sen, and Citaglobal was flat at 33 sen.
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