Bursa Finance Index breaks record high. Is it time to invest in bank stocks?
Bursa Finance Index breaks record high. Is it time to invest in bank stocks?
In addition, after a sharp sell-off in the previous week, foreign investment in the Malaysian stock market turned net buying again in the week ending August 16, 2024. Last week, foreign investors net bought RM299.6 million of Malaysian stocks. Bursa Finance Index broke record high, leading the market, $MAYBANK (1155.MY)$ rose 34 sen to RM10.60,$CIMB (1023.MY)$ rose 31 sen to RM7.97, $PBBANK (1295.MY)$ rose 25 sen to RM4.54, $RHBBANK (1066.MY)$ rose 18sen to RM5.92.
布爾薩金融指數創紀錄新高，引領市場。 $MAYBANK (1155.MY)$ 玫瑰上漲34仙至RM10.60,$CIMB (1023.MY)$ 上漲31仙至RM7.97, $PBBANK (1295.MY)$ 上漲25仙至RM4.54，$RHBBANK (1066.MY)$ 上漲18仙至RM5.92。
The positive momentum of the upcoming interest rate cut in the United States boosted investor sentiment on global stock markets. The Malaysian stock market rebounded from the recent plunge, and the composite index soared above the highest level in July in early trading on Monday, setting a four-year high.
此外，在上週八月16日結束的一週中，馬來西亞股市的外國投資再次轉爲淨買入，上週外國投資者淨買入了2,9960萬令吉的馬來西亞股票。
Foreign exchange also showed strong momentum, with the Malaysian ringgit rising above 4.4 against the US dollar, rewriting the highest level since February 2023, and currently standing at 4.382. Malaysia's second-quarter economic growth exceeded expectations, and the Federal Reserve is expected to release a signal of interest rate cuts.
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In addition, after a sharp sell-off in the previous week, foreign investment in the Malaysian stock market turned net buying again in the week ending August 16, 2024. Last week, foreign investors net bought RM299.6 million of Malaysian stocks.
此外，在上週股市大幅拋售後，外資在截至2024年8月16日的一週內再度成爲馬來西亞股市的淨買家。上週，外國投資者淨買入了29960萬林吉特的馬來西亞股票。
