Status quo US interest rate will also boost local technology counters, says analyst.
KUALA LUMPUR: Bursa Malaysia extended its uptrend to open higher today, supported by continuous buying in selected heavyweights amid positive regional sentiment.
“We believe the softer-than-expected jobs data last week suggests that the US Federal Reserve may hold on to its current interest rate status and provide upside potential towards the stock markets. At 9.15am, the FTSE Bursa Malaysia KLCI rose 0.87 of-a-point to 1,464.30 from 1,463.43 at Friday’s close.The broader market was positive with advancers surpassing decliners 306 to 184, while 316 counters were unchanged, 1,518 untraded and 31 others suspended.Among the heavyweights, Maybank and CIMB slipped 1 sen each to RM9.14 and RM5.73, respectively, while Public Bank and Tenaga Nasional added 1 sen each to RM4.25 and RM9.93, respectively, and Petronas Chemicals increased 2 sen to RM7.14.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NIMP 2030 berperanan penting sokong kerangka Ekonomi MADANIKUALA LUMPUR: Pelan Induk Perindustrian Baharu (NIMP) 2030 berperanan penting dalam menyokong kerangka Ekonomi MADANI dan mencapai sasaran yang diteta...
Read more »
Federation of Malaysian Manufacturers: NIMP 2030 instrumental in supporting Madani economy frameworkKUALA LUMPUR, Sept 3 — The New Industrial Master Plan 2030 (NIMP 2030) is instrumental in supporting the Madani Economy framework and achieving the targets set for the next 10...
Read more »
NIMP 2030 instrumental in supporting Madani Economy FrameworkKUALA LUMPUR: The New Industrial Master Plan 2030 (NIMP 2030) is instrumental in supporting the Madani Economy framework and achieving the targets set...
Read more »
NIMP 2030 seen as instrumental in supporting Madani Economy frameworkKUALA LUMPUR: The New Industrial Master Plan 2030 (NIMP 2030) is instrumental in supporting the Madani Economy framework and achieving the targets set...
Read more »
Economist says NIMP 2030 goals modest, lauds support for SMEsPETALING JAYA: Economist Geoffrey Williams has described New Industrial Master Plan 2030 (NIMP 2030) goals as modest and might not fully meet the expe...
Read more »
Bursa Malaysia seen to continue upward momentum next weekKUALA LUMPUR, Sept 2 — Bursa Malaysia is expected to continue its positive momentum next week although there might be some profit-taking activities, said a trader. Rakuten...
Read more »