Bursa starts higher despite poor showing on Wall Street

KUALA LUMPUR: Banking stocks are likely to be the flavour of the day as Bursa Malaysia reversed losses from yesterday to open higher.

Wall Street also closed marginally lower as traders pondered the surge in the US Treasury yields while waiting for the US non-farm payrolls data to be out later today. Among the heavyweights, Maybank increased three sen to RM8.93, and both Public Bank and Tenaga Nasional gained two sen to RM4.11 and RM9.58 respectively, while CIMB was flat at RM5.46 and Petronas Chemicals lost five sen to RM6.80.

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