Analyst anticipates this is due to Bank Negara’s decision to maintain the OPR at 3%, a positive development for all.
KUALA LUMPUR: Bursa Malaysia opened higher today underpinned by a spate of positive news including a rally on Wall Street overnight.
Over in Hong Kong, the Hang Seng index gained 129 points yesterday as sentiment turned dovish after the Hong Kong monetary authority maintained its base rate in line with the Fed rate pause, signaling a possible end to the rate hike cycle. “Underpinned by a spate of positive news, we believe the local bourse is expected to see the return of buyers, thus expect the benchmark index to hover within the 1,440-1,450 range today.
Of the actives, MLabs, Kinergy Advancement and KNM were all flat at 1 sen, 33 sen, and 9.5 sen respectively, SMTrack added 0.5 sen to 5.5 sen, Tanco fell 0.5 sen to 57 sen, and JCY International increased 1.5 sen to 22 sen.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Fed’s rate hike pause could benefit ringgit, says analystThe local currency has been in an oversold position for an extended period, he notes.
Leggi di più »
KJ, Shahril must work on compromise with Umno, says analystAzmi Hassan says the party should heed the Johor crown prince Tunku Ismail Sultan Ibrahim’s call and readmit Khairy Jamaluddin and Shahril Hamdan.
Leggi di più »
Analyst reaffirms ‘buy’ call on both YTL Power and RanhillYTL Power’s strategic acquisition in Ranhill is viewed as a favorable development, says MIDF Research.
Leggi di più »
Blame Mahathir for 1997 Bursa collapse, not me, says Halim SaadHis policies during the 1997 Asian financial crisis scared away foreign investors and capital, he argues.
Leggi di più »