Mild rebound on Bursa on news of border reopening

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The FB KLCI was up 4.8 points to 1,551.67, halting the steep decline that was recorded on the market over the past two days.

At 9.05am, the FB KLCI was up 4.8 points to 1,551.67, halting the steep decline that was recorded on the market over the past two days.

"Although there might be mild bargain hunting activities in selected commodity sectors, we expect overall gains are likely to be short-lived, taking cue from the overnight Wall Street performance. US President Joe Biden announced overnight that his administration was implementing a ban on Russian oi, natural gas and coal import to the US in response to the Russian invasion of Ukraine.

 

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