Bursa holds quick to 1,600 regardless of Wall St slide

KUALA LUMPUR: Bursa Malaysia bounced greater on Wednesday after falling beneath 1,600 factors within the earlier session amid a downturn in international equities markets.

Whereas Wall Avenue continued to slip for a 3rd straight day on fears of aggressive rate of interest hikes, the home market was supported by shopping for in monetary and healthcare counters.

At 9.05am, the FBM KLCI was up 4.41 factors to 1,601.54. The general market was optimistic with 208 gainers in comparison with 105 decliners.

IHH Healthcare rose seven sen to RM6.43 amid the bargain-hunting whereas financial institution shares have been barely improved after a latest fall.

Maybank added one sen to R8.83, Public Financial institution gained one sen to RM4.68 and CIMB rose one sen to RM5.34.

Plantation performs Kuala Lumur Kepong dropped six sen to RM27.14 whereas Sime Darby Plantation rose 4 sen to RM5.30 and IOI climbed 4 sen to RM4.39.

Regardless of a gentle decline on the Nasdaq in a single day, know-how shares on Bursa bounced again from a route within the earlier session.

MPI rose 76 sen to RM33.10, Vitrox gained 13 sen to RM7.71 and D&O added 11 sen to RM4.20.

Malaysian Airports was additionally seen placing on weight with the reopening of the nation’s borders, including 9 sen to RM6.95.

Amongst prime actives, CSH was flat at 14 sen, ATA IMS down one sen to 52 sen and VC up 0.5 sen to twenty sen.


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