Much trading opportunities in Bursa today

By NST Business

November 12, 2020 @ 9:37am

KUALA LUMPUR: There will likely be much trading opportunities in Bursa Malaysia today with a slew of bright spots, said Rakuten Trade research team.

They include crude palm oil prices at eight-and-a-half-year high, plantation stocks remain key beneficiary while healthcare related, personal protective equipment related stocks remain in focus after recent sell down on vaccine news.

Rakuten Trade, however, said global Covid-19 numbers continued to be record breaking numbers.

Technology-related stocks might see some recovery today taking que from positive sentiment on Nasdaq tech rebound, it said, adding that the regional markets were expected to follow suit from the bullish US markets yesterday.

Rakuten Trade said yesterday, profit-taking was well absorbed with Bursa's benchmark FBM KLCI recovering to above 1,570 points.

Wall Street, meanwhile, saw tech stocks rebounded strongly after recent sell off while the overall bullish market sentiment remains.

Dow Jones was marginally lower after near record breaking high of 30,000 points.