Bursa opens higher on positive Wall Street showing | Malay Mail

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KUALA LUMPUR, Dec 13 — Bursa Malaysia opened higher in early trade today, rebounding from last week's losses, taking the cue from the stronger performance on Wall Street on Friday, despite the United States (US) inflation fear. At 9.06am, the benchmark FTSE Bursa Malaysia...

KUALA LUMPUR, Dec 13 — Bursa Malaysia opened higher in early trade today, rebounding from last week's losses, taking the cue from the stronger performance on Wall Street on Friday, despite the United States inflation fear.

"Investors will be waiting for the conclusion of the Federal Open Market Committee meeting this week for further clues on the monetary policies going forward,” it said. "For sectors in focus, as both CPO and crude oil stabilised over the past week, traders are expected to focus on the oil and gas and plantation sectors in the near term.

Among heavyweights, Maybank added five sen to RM8.17, Petronas Chemicals and CIMB Group gained one sen each to RM8.43 and RM5.19, respectively, IHH Healthcare rose nine sen to RM6.67 while Public Bank was flat at RM3.99.

 

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