Risk-off sentiment prevails amid an escalation of geopolitical risk in the Middle East, says analyst.
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI ended in positive territory driven by energy-related stocks amid the stronger oil market due to tensions in the Middle East.
On a positive note, he said stock markets tend to recover quickly once tension in the Middle East subsides and this was evidenced during the afternoon session.The index, which opened 0.18 of-a-point higher at 1,417.06 this morning, moved between 1,415.80 and 1,420.71 during the day. On the domestic front, he said sentiment is expected to continue to remain cautious and external volatility is anticipated to increase along with some selling pressure from foreign funds.
Market turnover strengthened to 2.88 billion units worth RM1.78 billion from 2.86 billion units worth RM2.09 billion last Friday.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Govt ‘deeply concerned’ over violence in Middle EastWisma Putra asks the UN Security Council to convene and call for an end to the fighting.
Leggi di più »
Wisma Putra: Malaysia deeply concerned over latest escalation of violence in Middle EastPUTRAJAYA, Oct 8 — Malaysia has expressed deep concern over the escalating clashes in and around the Gaza Strip, emphasising the need for an immediate halt to the loss of lives,...
Leggi di più »
In striking Israel, Hamas also took aim at Middle East security realignmentDUBAI, Oct 8 — When Islamist group Hamas launched a spectacular attack against Israel, it also took aim at efforts to forge new regional security alignments that could threaten...
Leggi di più »
Malaysia deeply concerned over latest escalation of violence in middle eastPUTRAJAYA: Malaysia has expressed deep concern over the escalating clashes in and around the Gaza Strip, emphasising the need for an immediate halt to...
Leggi di più »
First hydrogen train in Middle East to begin trials next week, Saudi energy minister saysRIYADH, Oct 8 — Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman said today that the first hydrogen train in the Middle East will begin trials next week. “It...
Leggi di più »
In striking Israel, Hamas also takes aim at Middle East security realignmentDUBAI, Oct 8 — When Islamist group Hamas launched a spectacular attack against Israel, it also took aim at efforts to forge new regional security alignments that could threaten...
Leggi di più »