Trading on Bursa Subdued
Meanwhile, trading on the local bourse remained subdued as the FBM KLCI ended broadly lower in line with the regional downtrend.
markets
Market Sentiment To Improve
Key regional markets closed broadly higher last Friday.
Nikkei 225 and STI gained 0.53% and 0.91% to end at
28,214.75 and 3,262.95 respectively. Meanwhile, HSI and
SHCOMP surged 2.69% and 0.82% to end at 19,362.25
and 3,262.05 respectively.
KLCI Edged Higher On Bargain Hunting
Yesterday, Malaysian equities closed higher due to bargain hunting activities. The benchmark index gained 0.21% or 3.08 points to end at 1,491.35
Flattish Market But Watch For Interest in Energy Stocks
There may be some buying interests on Energy stocks today as OPEC decides to cut its output that saw the Brent crude price jumped to almost the US$96/barrel
Telco Sector Remains Plagued By Uncertainties
Analysts expect the telecommunications index to trend within the 1,485-1,505 range today
O&G stocks To Experience Some Selling Pressure
Oil and Gas stocks should also experience some selling pressure as the Brent crude price closed lower at US$92/barrel, says Rakuten Trade
Buying Interest in Banking stocks Amid OPR Rise?
FBM KLCI closed higher on Tuesday. The benchmark index gained 0.70% or 10.48 points to end at 1,512.05 with gainers led by PETDAG, KLK and PPB.