KUALA LUMPUR, July 23 ― Bursa Malaysia opened mixed this morning as the key index declined by 0.08 per cent after 10 minutes of trading, weighed down by selling in selected heavyweights, led by IHH Healthcare and PPB Group.
Nevertheless, it said the general market undertone is improving, and this will allow the lower liners to experience a decent recovery after a difficult two-month period that saw many stocks veering into the oversold region. Additionally, the brokerage said the firmer crude oil prices due to tight supplies and improving demand may help to boost the energy sector.
Among the actives, Hwa Tai jumped 13.5 sen to RM1.07, YBS International increased two sen to 53.5 sen, Pasukhas inched up half-a-sen to 11 sen, Lambo advanced six sen to 31 sen, BCM Alliance increased 3.5 sen to 13 sen and Kanger edged down half-a-sen to seven sen.