Bursa Malaysia Continues Upward Trend Led by Financial and Plantation Stocks
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Here’s the latest scoop on Bursa Malaysia, where the market continued its upward trend, ending higher for the second day. The $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$ rose 3.96 points to 1,618.38, thanks to gains in $Bursa Finance Services(0010I.MY$, $Bursa Utilities(0065I.MY$, and $Bursa Plantation(0025I.MY$.
Key Market Movements
• Gainers: $Bursa Finance Services(0010I.MY$ and $Bursa Plantation(0025I.MY$ led the gains, with the $Bursa Finance Services(0010I.MY$ up 39.04 points and the $Bursa Plantation(0025I.MY$ 25.85 points.
• Decliners: Heavyweights like $MAYBANK(1155.MY$ and $TENAGA(5347.MY$ saw slight declines, while the $Bursa Industrial Products & Services(0002I.MY$ dipped marginally.
Economic Indicators and Corporate News
• Gainers: $Bursa Finance Services(0010I.MY$ and $Bursa Plantation(0025I.MY$ led the gains, with the $Bursa Finance Services(0010I.MY$ up 39.04 points and the $Bursa Plantation(0025I.MY$ 25.85 points.
• Decliners: Heavyweights like $MAYBANK(1155.MY$ and $TENAGA(5347.MY$ saw slight declines, while the $Bursa Industrial Products & Services(0002I.MY$ dipped marginally.
Economic Indicators and Corporate News
Investors are closely watching Malaysia’s upcoming retail sales data and Bank Negara’s interest rate decision. On the global front, the focus is on US consumer inflation figures, which could influence the Federal Reserve’s rate decisions. The market’s cautious optimism is bolstered by foreign buying support, suggesting continued momentum.
Market Forecast
Market Forecast
Looking ahead, the $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$ is expected to trade within the 1,610-1,630 range, supported by sustained buying interest. Retail investors might find attractive opportunities in the $Bursa Finance Services(0010I.MY$ and $Bursa Consumer Products & Services(0001I.MY$.
$NESTLE(4707.MY$ $MCEMENT(3794.MY$ $BKAWAN(1899.MY$ $GAMUDA(5398.MY$ $HEIM(3255.MY$ $FRONTKN(0128.MY$ $GCB(5102.MY$ $AORB(03051.MY$ $CEPCO(8435.MY$ $SENFONG(5308.MY$ $TM(4863.MY$ $PPB(4065.MY$ $CIMB(1023.MY$ $CABNET(0191.MY$ $GREATEC(0208.MY$ $AWC(7579.MY$ $LGMS(0249.MY$ $GESHEN(7197.MY$ $BLDPLNT(5069.MY$ $TIMECOM(5031.MY$ $MSNIAGA(5011.MY$ $KLK(2445.MY$ $BURSA(1818.MY$ $WCT(9679.MY$ $IJM(3336.MY$ $GOHUB(0311.MY$
$DATAPRP(8338.MY$ $JAKS(4723.MY$ $HUBLINE(7013.MY$ $BINTAI(6998.MY$ $AIMFLEX(0209.MY$ $PESTECH(5219.MY$ $NOVAMSC(0026.MY$ $JCY(5161.MY$ $ATAIMS(8176.MY$ $MYEG(0138.MY$ $SALCON(8567.MY$ $ARMADA(5210.MY$ $JPG(5323.MY$ $CIMB(1023.MY$ $PBBANK(1295.MY$ $VELESTO(5243.MY$ $SNS(0259.MY$ $UCREST(0005.MY$ $OFB(0312.MY$ $L&PBHD(0268.MY$ $PHB(4464.MY$ $UUE(0310.MY$ $K1(0111.MY$
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