Bursa Malaysia rebounds at opening, tracking overnight surge on Wall Street | Malay Mail

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KUALA LUMPUR, April 9 ― Bursa Malaysia rebounded at the opening, tracking the overnight surge on Wall Street on hopes that the Covid-19 pandemic is nearing its peak in the United States. Dow Jones Industrial Average closed at 23,433, up by almost 780 points or 3.44 per cent. At 9.02am, key index...

Thursday, 09 Apr 2020 10:02 AM MYT

“Locally, we would expect the FBM KLCI which had been rather resilient to test the immediate resistance of 1,370 today,” it said in a note today. “We, however, view the pullback as a positive move to prevent the market from overheating in order to establish more room for further gains to unfold. At the same time, the fresh buying on Wall Street and the rally in crude oil prices overnight may provide a sentiment boost on the local bourse,” it said.

 

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