KUALA LUMPUR, Jan 26 — Bursa Malaysia opened lower today, trading in cautious mode following the lacklustre performance on Wall Street overnight. In the United States (US),...
KUALA LUMPUR, Jan 26 — Bursa Malaysia opened lower today, trading in cautious mode following the lacklustre performance on Wall Street overnight.
“Still, we are banking on the recovery theme from China which will boost the FBM KLCI above the 1,500 level, while the lower liners may continue to capitalise on the improved trading environment and enjoy further rotational play. Thus, it said, the energy sector is expected to stay in focus on the back of the firm oil prices and amid China’s recovery, while investors wait for the Organisation of the Petroleum Exporting Countries meeting on Feb 1, 2023, for market direction.
As for the actives, Niche Capital added two sen to 16.5 sen, Cypark gained 3.5 sen to 87.5 sen, Dataprep improved one sen to 27.5 sen, JHM Consolidation rose 5.5 sen to 94.5 sen, and Leform bagged 1.5 sen to 23 sen.
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