Bursa Malaysia rebounds after market opening | Malay Mail

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KUALA LUMPUR, March 30 ― Bursa Malaysia opened higher today as bargain-hunting activities ensued, taking its cue from the overnight Wall Street performance as investors cheered the positive developments from the peace talks between Russia and Ukraine. At 9.05am, the benchmark FTSE Bursa Malaysia...

KUALA LUMPUR, March 30 ― Bursa Malaysia opened higher today as bargain-hunting activities ensued, taking its cue from the overnight Wall Street performance as investors cheered the positive developments from the peace talks between Russia and Ukraine.

“Meanwhile, on commodity prices, Brent crude oil traded lower at around the US$110 per barrel mark, while crude palm oil prices hovered around RM6,000 ,” it said. “Also, traders may position themselves in the recovery-themed stocks such as consumer, financial, tourism and aviation stocks in anticipation of the border reopening this Friday,” it said.

Of the actives, Sapura Energy and BSL decreased half-a-sen each to 3.5 sen and 16.5 sen, respectively, while CSH Alliance, SMTrack, Pasukhas and Widad were flat at 15 sen, eight sen, two sen and 35.5 sen, respectively.

 

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