Timely shot in the arm

“We continue to advocate selling on strength and avoid the ‘bargain hunt’ wagon. Buy and hold activities ought to be put on hold for now. Continue to look for short term trading opportunities today, ” said CGS-CIMB head of retail research Kong Seh Siang.

PETALING JAYA: News of headway in the race for a Covid-19 vaccine and rotational play in stock themes sent stocks on Bursa Malaysia higher.

Taking the lead from Wall Street, the FBM KLCI along with key Asian markets rallied as early-stage data for a potential Covid-19 vaccine renewed hopes for a rapid reopening of the global economy.