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.
stocks
Bargain Hunting On Banking, Tech Stocks
The recent talks of the imminence of elections could shift the market focus to construction players, say analysts in the latest market report
Selected Buying on Tech Sector
"The Oil & Gas sector may see some buying as well with the Brent crude continued with its upside now US$94/barrel on tight supply as deal with Iran on nuclear deal faded."
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