KUALA LUMPUR (July 9): Bursa Malaysia was slightly higher in early morning trade on bargain-hunting activities, which supported the benchmark index to stay above the 1,500-level. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.15 points to 1,513.86 from Thursday’s close of 1,508.71. “However, we believe bargain-hunting activities may emerge in the near term due to the significant selldown and oversold tone across the board. “Besides, bargain-hunting activities may emerge in sectors such as transportation and logistics and essential consumer stocks as well as technology stocks,” said Malacca Securities. Sector-wise, the Financial Services Index lifted 58.12 points to 14,934.98, the Industrial Products and Services Index edged down 0.11 of-a-point to 186.37, and the Plantation Index bagged 18.08 points to 6,294.92.
