Anwar and the Ringgit - a Photo collage by LatestMalaysia.com
The FBM KLCI ended higher as some bargain-hunting activities emerged. The benchmark index closed just below the 1,455 mark as trading remains lacklustre.
Spurred by the strengthening Ringgit, interest on local equities seems decent from foreign funds but the upside has been capped by selling from local institutions. Notwithstanding this, the index may still have legs to test the 1,500 level thus expect the index to hover within the 1,455-1,470 range today as the domestic stocks are ripe for pickings, especially the Banks.
“Spurred by the strengthening MYR, interest on local equities seems decent from foreign funds but the upside has been capped by selling from local institutions.
“Notwithstanding this, we reckon the index may still have legs to test the 1,500 level… as the domestic stocks are ripe for pickings, especially the Banks,” says Rakuten.
Climate UX launched Green Together to help companies engage employees, strengthen ESG goals and deliver…
Alibaba Cloud’s KaryaWAN challenge aims to boost Malaysia’s AI innovation ecosystem through talent development, creativity…
Malaysia's job market faces a "talent paradox," with employers struggling to find suitable candidates despite…
Young Malaysians are embracing cold coffee culture, prompting NESCAFÉ to launch Espresso Concentrate for convenience…
The only Malaysian company within the Health Care Equipment & Supplies sector to be included,…
Regional foreign funds turned cautious despite April inflows, while higher oil prices and currency movements…
This website uses cookies.
