Analyst remains optimistic that the local bourse will sustain its buying momentum.
KUALA LUMPUR: Malaysian equities ended the week mostly positive, reflecting the growing investor confidence after the temporary halt in the US interest rate increases.
“As for the local bourse, we remain optimistic and anticipate that the benchmark index will sustain its buying momentum fuelled by a renewed sense of optimism,” he told Bernama. The broader market stayed positive with gainers beating decliners 621 to 309, while 440 counters were unchanged, 981 untraded and 22 suspended.
Of the actives, SMTrack and Widad eased 0.5 sen each to 4.5 sen and 45 sen, while Zen Tech, MLabs, and Fitters were flat at 2 sen, 1 sen, and 4 sen respectively. Sector-wise, the industrial products and services index ticked up 1.06 points to 171.71 while the plantation index increased 45.35 points to 6,953.25 and the energy index was 4.67 points better at 875.48.The Main Market volume improved marginally to 1.94 billion units worth RM1.71 billion compared with 1.93 billion units valued at RM1.61 billion yesterday.
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