KUALA LUMPUR, Jan 28 — Bursa Malaysia opened higher this morning, with buying interest in selected heavyweights led by IHH Healthcare amid concerns over rising Covid-19 cases in the country, an analyst said.
Market breadth was positive with gainers leading losers 142 to 105, while 205 counters were unchanged, 1,816 untraded and 73 others suspended.An analyst said the new Covid-19 infections in Malaysia, which continued to show an upward trend for the third day in a row with over 5,000 cases reported on Thursday, could have prompted buying support for healthcare stocks. The stock of IHH Healthcare increased 1.72 per cent or 11 sen to RM6.49.
“Broad market sentiments remain jittery and we expect such volatility to stay amid the US Federal Reserves imminent rate increase. Among the heavyweights, Maybank was flat at RM8.30, Public Bank added one sen to RM4.22, Petronas Chemicals advanced six sen to RM8.96, and CIMB improved two sen to RM5.27.
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