Bursa sees slow uptrend


By K.m.lee

REVIEW: Despite starting the week below the flat line and losing 0.3 of a point to 1,661.59, Bursa Malaysia quickly turned higher in the wake of renewed bargain hunting activity, tracking a steadier Wall Street on the previous Friday.

Sentiment was positive in early session, as news about 1Malaysia Development Bhd (1MDB) exiting the power business after agreeing to sell its entire energy assets to China Nuclear Power Corp, lifted investors’ appetite for stocks.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Business , Market Trend , Bursa Malaysia , FBM KLCI

   

Next In Business News

Oil holds at 2-week high as Russia, Iran tensions support prices
Foreign funds record RM165.3mil weekly net sale of Malaysian equities
FBM KLCI rises as reporting period in full swing
Ringgit opens higher against greenback as DXY retreats
Trading ideas: SkyWorld, Icon, Top Glove, Chin Hin, PIC, Solarvest, Lagenda, MNRB, Affin, Allianz
Google, Microsoft hail country’s AI approach
Step back and watch
Bull waits for liquidity to return
CPO futures set to trade with bullish bias this week
Sarawak targets more floating solar for its hydroelectric dams

Others Also Read