Bursa rebounds after yesterday's sell-off

TheStar Thu, Apr 01, 2021 09:35am - 2 years View Original


KUALA LUMPUR: Bursa Malaysia started on a rebound on Thursday following yesterday's steep sell-off on the back of rising US bond yields and political uncertainties at home.

At 9.03am, the FBM KLCI was up 8.97 points to 1,582.48 as investors picked up on bargains.

"We think the FBM KLCI is steeply oversold, bargain hunting may emerge over the near term tracking Wall Street overnight gains on technology stocks.

"We believe the broader market may recover but we expect the rebound to be short-lived and traders may adopt selling into strength strategy," said Malacca Securities Research.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BJCORP 0.300
BURSA 7.430
DNEX 0.350
MAYBANK 9.680
PBBANK 4.250
TENAGA 11.340
ZELAN 0.070

Comments

Login to comment.