KUALA LUMPUR, Nov 22 — Bursa Malaysia opened lower on Monday, with the key index falling 0.15 per cent, weighed down by selected heavyweights.
However, the upside might be limited, given concerns over the resurgence Covid-19 cases in European countries, which might potentially dampen the economic recovery going forward, it added. The brokerage said given Nasdaq closing above the 16,000 level on Friday, the market might see continued buying interest in local technology stocks, tracking Nasdaq’s overnight rally.
Among the heavyweights, Public Bank added one sen to RM4.08, Maybank and TNB were flat at RM8.08 and RM9.55, respectively, while Petronas Chemicals eased two sen to RM8.29, IHH Healthcare shed three sen to RM6.51, and Hong Leong Bank trimmed 18 sen to RM18.14.
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