KUALA LUMPUR, July 7 ― Shares on Bursa Malaysia remained in positive territory at mid-morning, supported by buying interest in the finance and healthcare sectors. Public Bank, Top Glove, Hartalega and Maybank were the main contributors to the barometer index. At 11am, the benchmark FTSE Bursa...
At 11am, the benchmark FTSE Bursa Malaysia KLCI was 2.52 points higher at 1,579.42 from yesterday’s close of 1,576.90. ― Picture by Hari Anggara
Amid the upbeat momentum, the key index may head towards the next resistance at 1,580, followed by the recent peak at 1,590, it said. “Although there could be another round of rate cuts, we think that the weakness in the banking sector may be cushioned by the other sectors that are heavily reliant on debt financing such as the construction, utilities as well as oil and gas sectors,” it added.
Of the most active, DGB Asia, Securemetric, Anzo and Borneo Oil edged up half-a-sen each to 3.5 sen, 13 sen, 23.5 sen and 3.5 sen respectively, while AT System was flat at 9.5 sen.
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