MIDF Research: Malaysia’s equity market to continue positive momentum in 2H2024

  • 📰 malaymail
  • ⏱ Reading Time:
  • 22 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Equity Market News

Midf Research

KUALA LUMPUR, June 26 — MIDF Research anticipates Malaysia’s equity market will continue its positive momentum in the second half of this year (2H2024). In its market report...

Can Malaysia’s aviation industry shed bureaucratic baggage and take flight? Here’s what Mavcom prescribed prior to merger bid in 2020MIDF Research anticipates Malaysia’s equity market will continue its positive momentum in the second half of this year . — Picture by Hari AnggaraKUALA LUMPUR, June 26 — MIDF Research anticipates Malaysia’s equity market will continue its positive momentum in the second half of this year .

MIDF Research said that the positive market momentum was driven by foreign funds, which arguably played a major role in driving up the local equity market this year.“From early January to February 27, the local equity market recorded net foreign purchases of RM2.4 billion while the FBM KLCI rose 104 points.

“Malaysia’s economic growth accelerated to 4.2 per cent year-on-year in 1Q2024 , surpassing expectations.

Source: News Formal (newsformal.com)

Midf Research

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MIDF Research: Outbound shipments to grow faster in 2H2024 as manufacturing sector improvesKUALA LUMPUR, June 5 ― The return of optimism among Malaysia's manufacturers suggests an improvement in external trade performance and industrial activities in the second...
Source: malaymail - 🏆 1. / 86 Read more »

MIDF Research: Local institutions end net selling streak, buy RM1.03b for the weekKUALA LUMPUR, June 4 ― Local institutions ended their net selling streak of four weeks on Bursa Malaysia by purchasing a total of RM1.03 billion last week, said MIDF Research....
Source: malaymail - 🏆 1. / 86 Read more »

MIDF sees higher inflation this year after April Producer Price Index signals rising cost pressuresKUALA LUMPUR, May 29 — The rising Producer Price Index (PPI) inflation of 1.9 per cent year-on-year (y-o-y) in April 2024 signalled higher cost pressures for local businesses,...
Source: malaymail - 🏆 1. / 86 Read more »

Fish oil might not always be good for heart health, research revealsLONDON, May 28 — Contrary to popular belief, fish oil may not always be good for your health, especially your cardiovascular health. A new study even reveals that regular use of...
Source: malaymail - 🏆 1. / 86 Read more »

Kenanga Research: Investors upbeat on 5G monetisation opportunitiesKUALA LUMPUR, June 7 ― Investors are more upbeat about 5G as monetisation opportunities emerge from selling managed solutions to enterprise clients that leverage 5G...
Source: malaymail - 🏆 1. / 86 Read more »

12 tourists at panda research center banned for “uncivilised behaviour”The dozen tourists were banned for behaving badly between April and June this year.
Source: theSundaily - 🏆 25. / 51 Read more »