KUALA LUMPUR, July 11 — Bursa Malaysia continued its uptrend on Thursday amidst bullish global risk appetite after the Wall Street hit another record high. At 9.24am, the FTSE...
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At 9.24am, the FTSE Bursa Malaysia KLCI rose by 6.90 points to 1,625.28 from Wednesday’s close of 1,618.38.Turnover totalled 562.16 million units worth RM279.35 million. Traders remain optimistic that the United States Federal Reserve will adjust its policy rates in September ahead of new inflation data over the next two days.“As such, the Dow Jones gained 429 points while the Nasdaq jumped by 218 points as the US 10-year yield ended marginally lower at 4.281 per cent,” he said.
Thus, Thong expects the index to hover in the 1,620-1,630 range today, noting that Bank Negara Malaysia will release its latest Overnight Policy Rate decision later today.Maybank recovered four sen to RM10.06, while Tenaga Nasional, Public Bank and IHH Healthcare were flat at RM14.40, RM4.14 and RM6.30, respectively, while CIMB rose seven sen to RM7.16.
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