KUALA LUMPUR, Jan 11 ― Bursa Malaysia retreated from yesterday's gains to open marginally lower today as mild profit-taking emerged in selected heavyweights, dealers said.
“Nevertheless, we are optimistic that bargain-hunting activities will return to support the heavyweights. Meanwhile, market players will be monitoring the release of US inflation rate tomorrow,” it said in a research note today. “Besides, consumer and banking counters should be gaining traction due to the recovery theme,” it added.
Of the actives, MMAG and Key Alliance eased half-a-sen each to 9.5 sen and 1.0 sen, respectively, Techna-X shed 1.0 sen to 8.5 sen, and AHB Holdings improved 2.0 sen to 27.5 sen.
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