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Bursa Malaysia snaps 4-day losing streak to end higher

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Bursa Malaysia News

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KUALA LUMPUR, April 17 — Bursa Malaysia snapped four consecutive days of losses to end higher today as bargain hunting emerged following the recent sell-off, said an analyst. At...

Tengku Zafrul says will seek to ‘correct errors’ in Zahid’s affidavit backing Najib’s bid for house arrest order

The benchmark index, which opened 0.05 of-a-point firmer at 1,535.05, moved between 1,532.95 and 1,541.88 throughout the trading session. Nonetheless, gains are capped in certain markets on expectations the United States’ interest rates will stay high, he told Bernama.“On the domestic front, we remain cautious as the short-term direction of the local market is significantly influenced by external factors, such as regional volatility, interest rates, and geopolitical tensions. However, we expect stock accumulation to persist on market dips,” he said.

“Furthermore, concerns regarding the Middle East crisis appear to be easing as first-quarter corporate earnings reports continue to be released,” he said.

 

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