The easing of trade disputes and potential US monetary policy support has added a measure of stability in the market which contributed to the uptrend on Bursa Malaysia.
KUALA LUMPUR: Bursa Malaysia continued its uptrend to open higher this morning, supported by positive sentiment surrounding the market.
However, it noted that the overall outlook is still murky as the unresolved US-China tariff war remains the biggest impediment that will continue to leave sentiments on the wary side. “The FBM KLCI could now test the 1,657-1,660 levels, before making a pass at the 1,673 level. The supports, on the other hand, are at 1,650 and 1,644 points respectively,” it said in a note.
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