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Buying opportunities may emerge in construction stocks, says analyst

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Sentiment on local bourse to remain cautious amid heightening volatility mainly from the US.

KUALA LUMPUR: Bursa Malaysia opened slightly higher today as investors took a cue from the choppy trading session on Wall Street overnight due to disappointing earnings from Alphabet amid increasing US bond yields, said a dealer.

Hence, he expects the index to hover within the 1,440 to 1,450 range today. “Yesterday’s decline amongst the construction players may present some buying opportunities today,” he added. Of the actives, CSH Alliance, KNM, and Leform rose 0.5 sen each to 6.5 sen, 10.5 sen, and 24.5 sen, respectively. Meta Bright added 1 sen to 26.5 sen while Tanco was flat at 57.5 sen.

 

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