Bursa Malaysia opened mixed on as mild bargain-hunting interspersed with profit-taking in selected blue-chips stocks. — Bernama pic
“We reckon that the downward bias consolidation may linger but weakness will be cushioned by the higher crude oil prices. The negative momentum on Bursa Malaysia may also keep any strong gains at bay with quick profit-taking activities in the horizon,” it said in a research note today. On the technical front, integrated online share trading platform Rakuten Trade Sdn Bhd expects the FBM KLCI to remain volatile with downside bias as the selling on glove counters persists.Of the heavyweights, Maybank added one sen to RM7.50, Top Glove recovered 10 sen to RM25.50, Public Bank rose 20 sen to RM17.16, Tenaga and Petronas Chemicals fell six sen to RM10.96 and RM5.90, respectively, and Hartalega dropped 22 sen to RM16.28.
Top losers were Petronas Dagangan which fell 50 sen to RM20.72, followed by Hartalega, and MISC which dipped 21 sen to RM7.64.
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