An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari AnggaraKUALA LUMPUR, April 30 — Bursa Malaysia opened higher but retreated thereafter, as earlier gains were snapped by mild profit-taking in plantation and technology counters amid mixed performance on the regional markets, dealers said.
“We opine that steel or metal-related stocks may remain attractive over the near term amid a global spike in steel demand. Besides, we believe there is still some room for trading on plastic and packaging counters ahead of the release of the latest quarterly results. Among heavyweights, Maybank, Public Bank and TNB fell one sen each to RM8.24, RM4.16 and RM9.99, respectively, while Petronas Chemicals rose 16 sen to RM8.27 and IHH Healthcare gained one sen to RM5.40.
Kuala Lumpur Kepong and Malaysian Pacific were among the top losers in the early session today, declining 64 sen and 36 sen to RM22.16 and RM39.30, respectively.
Source: Financial Digest (financialdigest.net)