Expect contractor and telco stocks bargain-hunting today

KUALA LUMPUR: Bursa Malaysia opened mixed today on cautious market sentiment ahead of key interest rate decisions from major central banks, including the Bank of Japan today and the US Federal Reserve on Wednesday.

“However, we reckon regional markets may take a cue today from Wall Street’s rally overnight, which will spill over to the local bourse. Nevertheless, the broader market saw advancers leading decliners 151 to 53, while 233 counters were unchanged, 1,939 untraded, and 61 suspended.Among the heavyweight counters, Maybank added 1 sen to RM9.00 while Public Bank, IHH Healthcare, and CelcomDigi were flat at RM4.15, RM5.96, and RM4.20, respectively.

Of the actives, CSH Alliance and Tanco were flat at 5.5 sen and 57.5 sen, respectively, while Classita inched up 0.5 sen to 7 sen and Kinergy trimmed 0.5 sen to 32.5 sen.

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Bursa Malaysia mixed in early trade amid cautious market sentimentKUALA LUMPUR, Oct 31 — Bursa Malaysia opened mixed on Tuesday on cautious market sentiment ahead of key interest rate decisions from major central banks, including the Bank of...
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