KUALA LUMPUR, April 29 — Bursa Malaysia opened higher today in tandem with its regional peers, taking cue from the stronger closing on Wall Street on Friday, said an analyst. At...
On the broader market, decliners led gainers 375 to 195, while 362 counters were unchanged, 1,329 untraded and 112 others suspended. ― Bernama picKUALA LUMPUR, April 29 — Bursa Malaysia opened higher today in tandem with its regional peers, taking cue from the stronger closing on Wall Street on Friday, said an analyst.
On the broader market, gainers outpaced losers 429 to 254, while 392 counters were unchanged, 1,298 untraded and 112 others suspended. The benchmark index opened 1.14 points better at 1,576.30.Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street ended last week on a strong note, buoyed by robust earnings from both Alphabet and Microsoft while dispelling initial concerns over slower United States economic growth and sticky inflation.
Over in Hong Kong, he said, the Hang Seng Index jumped 366 points as confidence seemed to be back, underpinned by policies to boost the market coupled with positive corporate earnings.“On the home front, the FBM KLCI closed on a year-to-date high as bargain hunters returned to the local bourse. Meanwhile, he pointed out that crude oil prices are expected to trend higher given the escalating tension in the Middle East and lower inventory that saw Brent crude close at US$89.50 per barrel.
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