Bursa Malaysia rebounds on bargain hunting

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KUALA LUMPUR, Feb 2 ― Bursa Malaysia rebounded from the strong broad-based sell-down on Tuesday to open higher this morning, supported by bargain hunting activities, a dealer...

KUALA LUMPUR, Feb 2 ― Bursa Malaysia rebounded from the strong broad-based sell-down on Tuesday to open higher this morning, supported by bargain hunting activities, a dealer said.

“However, we reckon bargain hunting activities would return, thus expect the index to trend in the 1,490-1,500 range today, and the tech sector to see a strong recovery. “Regionally, Hong Kong’s equities also rebounded, buoyed by tech stocks as traders were betting on the Fed’s less aggressive rate hike, pushing the Hang Seng Index 230 points higher to close above the 22,000 level,” he added.

 

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Posting a 2nd Feb news on 6th Feb. Classy.

U tweeted this on a holiday? 😱😱😱😱😱

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