On the broader market, gainers outnumbered decliners 169 to 42, while 147 counters remained unchanged, 1,498 untraded and 29 others suspended. — Picture by Hari Angara
“The optimism about the US-China trade deal coupled with China’s better-than-expected economic data helped pushed Bursa Malaysia,” the dealer said. “On a flip side, the latest PMI suggests Malaysia’s manufacturers are optimistic on future outlook and input prices stay at a stable level. Moving forward, we expect a modest economic recovery for the Malaysian economy in 2Q19 underpin by a gradual pick-up in commodity prices, receding trade war effects and solid domestic demand.
Of actives, Talam Transform and Bumi Armada gained one sen each to five sen and 19.5 sen, respectively, Alam Maritim inched up four sen to 15.5 sen but Malayan Flour was flat at 82.5 sen.
Source: News Formal (newsformal.com)
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