Bursa Malaysia opens lower but rebounds thereafter | Malay Mail

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KUALA LUMPUR, June 22 — Bursa Malaysia opened lower but rebounded thereafter, with the key index trading above the 1,500-level supported by continuous buying in plantation and healthcare counters. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.187 points to 1,508.44 from...

On the broader market, gainers outpaced losers 264 to 246, while 293 counters were unchanged, 1,129 untraded and 18 others suspended. — Bernama pic

“We think that choppiness prevails while investors nibble on beaten-down stocks while the firmer commodity prices may provide a cushion for the recent volatility. The RM46 billion Penang Transport Master Plan that was given the green light by authorities, on the other hand, may power the construction sector and selected property developers that have a strong presence in Penang, it added.

 

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