Bursa may see correction, hover within 1,445-1,455 range FMTNews FMTBusiness
KUALA LUMPUR: Bursa Malaysia opened slightly lower but rebounded within minutes, supported by continuous buying in selected heavyweights amid mixed sentiments on Wall Street overnight.
“Though the market may be due for a minor correction to digest the 70-point rally since early July, we reckon the index to be on a solid stance to chart further highs. He noted that Wall Street turned mixed overnight as traders digested the 25 basis-point rate hike by the Federal Reserve and strong earnings from big-cap companies, particularly Alphabet and Boeing.The key index opened 1.63 points lower at 1,447.66.
Of the actives, Datasonic Group was six sen higher at 51 sen, Advance Synergy ticked up 0.5 sen to 16.5 sen and Econpile Holdings gained one sen to 26 sen, while Hong Seng Consolidated and Tance Holdings were flat at nine sen and 56 sen, respectively.
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