Hong Leong, Public Bank lead Bursa rally


KUALA LUMPUR: Bursa Malaysia rallied on Tuesday as global equity investors reacted positively to the announcement of unlimited quantative easing announced by the US Federal Reserve.

While markets remained anxious over the impact of the coronavirus pandemic, the step up in loans to the tune of what analysts estimate could be US$4 trillion or more to non-financial firms was expected to mitigate the economic slowdown.

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.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Global South should unite in response to Trump's tariff threats on BRICS - Jomo
PNB commits RM4mil for flood relief aid, supporting affected communities
Datasonic bags RM81.38mil contract extensions from Home Ministry
CLMT acquires first modern automated logistics property for RM180mil
RHB, SME Bank, AmBank, Public Bank launch flood relief loan assistance to affected customers
Northport announces leadership appointments, including Fakhrul Azhar as CEO
Ringgit closes lower against US$ as interest in safe havens picks up
Willowglen MSC unit bags RM79.2mil systems contract from Singapore Public Utilities Board
Bursa Malaysia ends marginally higher as plantations stocks lift
Pesona Metro wins RM181.8mil Cyberjaya construction job

Others Also Read