KUALA LUMPUR, Feb 14 — Bursa Malaysia extended yesterday’s gains to open higher today, tracking positive Wall Street performance overnight amid bullish market sentiment across the regional markets.
With a broad-based rebound on Wall Street overnight, the market could be positioning ahead of the release of the January Consumer Price Index inflation report, whereby most of the traders could be anticipating cooling inflation, it said. On its sector focus, Malacca Securities remained positive on the construction, building material, and renewable energy sectors prior to the re-tabling of Budget 2023.
As for the actives, both Hong Seng and Pesona Metro added 1.0 sen to 21 sen and 31 sen, respectively, Visdynamics increased 3.0 sen to RM1.06, and CSH Alliance slid 1.5 sen to 5.0 sen, while Iris and Aimflex were flat at 11.5 sen and 15.5 sen, respectively.