Bursa Malaysia opens marginally higher after long weekend

KUALA LUMPUR, Jan 25 — Bursa Malaysia opened marginally higher today after a long weekend due to the Chinese New Year holidays, trading cautiously, taking the cue from the United...

KUALA LUMPUR, Jan 25 — Bursa Malaysia opened marginally higher today after a long weekend due to the Chinese New Year holidays, trading cautiously, taking the cue from the United States stocks which closed little changed on Tuesday.

Nevertheless, it said bouts of upsides are to be expected with traders taking further positions in riskier assets following Bank Negara Malaysia’s unexpected move to maintain the Overnight Policy Rate . “Also, construction and building materials related stocks could turn more positive under the improving labour conditions. Meanwhile, with the freight rates normalising and the weaker Baltic Dry Index, the shipping-related stocks may turn less attractive,” it added.

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