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Property, construction stocks attractive ahead of Budget 2024

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Traders look out for potential announcement of mega projects, says analyst.

KUALA LUMPUR: Bursa Malaysia was mixed in early trade today, in line with a muted Wall Street performance on Friday and a mixed regional performance.

Malacca Securities Sdn Bhd reckons selling pressure may spill over to stocks on the local front today. Meanwhile, Brent crude oil has continued to retrace from recent highs and traded below US$93 per barrel while crude palm oil prices extended their pullback formation below RM3,700 per tonne. At 9.10am, the FTSE Bursa Malaysia KLCI fell 1.81 points to 1,448.42 from Friday’s close of 1,450.23. The index opened 0.40 of a point easier at 1,449.83.

 

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