KUALA LUMPUR: Bursa Malaysia extended its uptrend to open higher today, supported by continuous buying in selected heavyweights, in line with the posi...
: Bursa Malaysia extended its uptrend to open higher today, supported by continuous buying in selected heavyweights, in line with the positive momentum in regional bourses, dealers said.
“We believe the softer-than-expected jobs data last week suggests that the United States Federal Reserve may hold on to its current interest rate status and provide upside potential towards the stock markets. Among the heavyweights, Maybank and CIMB slipped 1.0 sen each to RM9.14 and RM5.73, respectively, while Public Bank and Tenaga Nasional added 1.0 sen each to RM4.25 and RM9.93, respectively, and Petronas Chemicals increased 2.0 sen to RM7.14.
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