KUALA LUMPUR, Feb 12 – The stability of stocks on Bursa Malaysia meant punters are unlikely to find good bargains despite last week's selloff, said industry experts.

According to The Edge Online, UOB Asset Management (M) Bhd chief executive officer Lim Suet Ling said the Malaysian market was more resilient to volatility than the rest of the region.

This meant it was more shielded against sharp corrections were deals were likely to be had.

However, Rakuten Trade Sdn Bhd head of research Kenny Yee said that the recent correction has led to the emergence of value amongst the companies listed on Bursa Malaysia.

He said the earnings growth expected this year would help make the valuation even more attractive.

"The domestic market was not spared from the heavy sell down seen in the global equity market as investors and traders who were getting used to the green screen and upward lines on their trading terminals woke up to a sea of red.

"It’s not a crisis, but a healthy pullback after a strong rally seen at the beginning of this year,” Yee said.

Fundsupermart Research analyst Jerry Lee Chee Yeong echoed the sentiment, noting that Malaysian investors preferred big-cap counters such as banking stocks.

Approximately RM56.5 billion was wiped off from the Malaysian stock market last week in regards to a global stock sell-off due to a renewed rise in US bond yields and the prospect of an imminent US interest rate hike to counter rapidly rising inflation.

The market rebounded on opening this morning, clawing back some of the ground it lost last week and hitting 1,827.29 at 9.05am.

However, analysts predicted that investors would remain cautious.