Bursa Malaysia gains at open but earnings season keeps investors on guard

Bursa Malaysia opened higher on Wednesday, buoyed by strong domestic fundamentals, but cautious sentiment from the ongoing earnings season may limit gains. The FTSE Bursa Malaysia KLCI index rose 2.86 points to 1,739.19, while the market was closed on Tuesday to mark Prophet Muhammad's birthday. Market breadth was positive, with more gainers than losers, and a total of 332 counters remained unchanged.

Apex Securities Bhd expects the index to trade cautiously with a mildly positive bias, driven by resilient domestic fundamentals, but investors may remain selective due to upcoming corporate results and company developments.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.