KUALA LUMPUR: Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight amid ongoing geopolitical tensio...
: Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight amid ongoing geopolitical tensions, a dealer said.
On Bursa Malaysia, he reckons the trading may remain subdued due to the developments in the Middle East, “thus sentiment should stay cautious and expect the index to hover within the 1,415-1425 range today.” “Given the strong rebound on Wall Street, buying interest may emerge on the local front, focusing on the National Energy Transition Roadmap and the New Industrial Master Plan as well as the upcoming Budget 2024 this Friday,“ it said.
“Besides, traders may take a position in the construction, property, and building materials sectors ahead of Budget 2024,“ it added.
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