The FBM KLCI managed to close higher to almost the 1,630 mark underpinned by stock accumulation across the board. We believe the index may end 2024 on a higher note with the 1,650 level as the immediate resistance.
“As such, we anticipate the benchmark index to hover within the 1,630- 1,640 range today,” says Rakuten Trade.
Wall Street closed broadly lower fueled by tech stocks as uncertainties loom over Trump’s economic policy and tariffs. Meanwhile, the US 10-year yield continues to stay elevated at 4.631%. Over in Hong Kong, the HSI ended marginally lower having trended within a narrow range as
investors are expecting for more stimulus measures following a poor run of Chinese industrial companies’ profits over the last few months.
Read more Business News
Advancecon Holdings has secured a RM48 million contract for infrastructure work in Johor, signaling strong…
UAE exit from OPEC+ and USD100 oil boost Malaysia’s energy outlook; Dialog and Hibiscus seen…
Malaysia benefits from high oil prices, but faces inflation and logistical risks due to the…
ASEAN manufacturing PMI falls to six-month low as Middle East war drives price pressures, supply…
FBM KLCI advanced on stronger buying momentum despite global market weakness, rising geopolitical tensions and…
Climate UX launched Green Together to help companies engage employees, strengthen ESG goals and deliver…
This website uses cookies.