KUALA LUMPUR, Jan 27 — Bursa Malaysia rebounded to end marginally higher due to bargain-hunting activities during the final hour of trading, said an analyst.
The overall market breadth was however negative with losers outpacing gainers 589 to 329, while 395 counters were unchanged, 947 untraded, and 31 others suspended. Elsewhere, geopolitical tension surrounding Russia exerted additional downside pressure on equity markets globally. Among other heavyweights, Maybank was flat at RM8.30, Public Bank added one sen to RM4.21, Petronas Chemical fell two sen to RM8.90, IHH improved two sen to RM6.38 while CIMB eased one sen to RM5.25.
Sector-wise, the Financial Services Index gained 17.22 points to 15,764.11, the Industrial Products and Services Index eased 0.74 of-a-point to 199.55, while the Plantation Index increased 34.20 points to 6,632.18.
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Bursa Malaysia opens mixed but turns higher thereafter | Malay MailKUALA LUMPUR, Jan 26 ― Bursa Malaysia opened mixed but turned higher thereafter today as the market rebounded from its seven-day losing streak amid mounting concerns over geopolitical tensions, as well as ongoing worries about the anticipated interest rate increase in the upcoming US Federal Open...
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