Bursa opens higher on strong oil prices | Malay Mail

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Bursa opens higher on strong oil prices

The Bursa Malaysia benchmark index opens higher but losing counters are outpacing gainers. — Bernama pic

On the local front, it said as the FBM KLCI is entering its consolidation phase, the key index is anticipated to trend sideways in the near term, should there be a re-emergence of buying interest on bargain hunting or whenever the index slips below the 1,622 horizon and towards its 1,600 psychological level.

It was reported that the companies were not aware of the reason behind the recent surge in their share prices. They advised investors to exercise caution in the trading of their shares.

 

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