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Bursa Malaysia opens higher on positive market sentiment | Malay Mail

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KUALA LUMPUR, April 27 — Bursa Malaysia opened on a positive note in almost all counters, driven by buying activities as positive market sentiment surrounded the local market. At 9.05am, key index FTSE Bursa Malaysia KLCI (FBM KLCI) added 4.90 points to 1,374.75 from 1,369.85 at Friday’s close....

Market breadth was optimistic with gainers surpassing losers 282 to 59, while 189 counters were unchanged, 1,393 untraded and 38 others suspended. — Bernama pic

Market breadth was optimistic with gainers surpassing losers 282 to 59, while 189 counters were unchanged, 1,393 untraded and 38 others suspended.An analyst said the careful approach adopted by Malaysia in reopening its economy to ensure no mass infection of Covid-19, has injected a higher level of confidence among investors that Malaysia is winning its battle against the global pandemic.

Meanwhile, on the global note; Rakuten in its equity note today said as global oil price stabilises, energy counters are expected to remain between its predicted range for the time being. On heavyweight counters, Maybank gained seven sen to RM7.43, Public Bank rose 10 sen to RM15.92, IHH added one sen to RM5.12 while Petronas Chemical, CIMB Group and Digi all jumped three sen to RM5.30, RM3.53 and RM4.39 respectively.

 

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