KUALA LUMPUR: Bursa Malaysia opened on a positive note on Monday on improving risk appetite, following rising oil prices as well as stable market sent...
: Bursa Malaysia opened on a positive note on Monday on improving risk appetite, following rising oil prices as well as stable market sentiments post-Budget 2024.
Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects the post-budget reaction on the local bourse to be neutral, although buying support on the construction players is expected to persist. On Friday, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced the unity government has provided RM393.8 billion for Budget 2024 with three ministries - Finance, Education and Health being the main recipients.
Of the actives, Classita and Tanco shed 0.5 sen each to 6.5 sen and 56.5 sen, respectively, while Compugates and Velesto added 0.5 sen each to 1.5 sen and 26 sen, respectively.
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