KUALA LUMPUR, Aug 9 — Bursa Malaysia rebounded from last week’s close to kick off the week higher, driven by renewed buying interest in selected heavyweights due to lower stock prices, dealers said.
“The US recovery and Prime Minister Tan Sri Muhiyiddin Yassin’s announcement over the weekend on standard operating procedure relaxations for fully vaccinated citizens will be positive for the market, especially for recovery-theme sectors,” it said in a research note today. “Investors may focus on recovery-theme stocks such as building material, domestic tourism and aviation — related, as the market is looking ahead for the relaxation of SOPs for those who are fully vaccinated. Besides, the technology sector should remain resilient amid expectations of solid earnings,” it said.
Among the actives, DNex and Avillion earned half-a-sen each to 83 sen and 14.5 sen, respectively, TFP Solutions advanced 1.0 sen to 20.5 sen, and GUH increased 3.5 sen to 65 sen.
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