Bursa Malaysia opens higher on improved sentiment
At 9.07am, the key FTSE Bursa Malaysia KLCI perked 4.9 points to 1,648.99 from 1,644.56 at 5pm on Tuesday. — Picture by Hari Anggara
At 9.07am, the key FTSE Bursa Malaysia KLCI perked 4.9 points to 1,648.99 from 1,644.56 at 5pm on Tuesday.The market was closed on Wednesday and yesterday for the Hari Raya Adilfitri holiday. As it is, the United States’ tariff threats on Mexico is easing, while the US Federal Reserve’s willingness to use monetary policies to cushion any slowdown in the country’s economy would provide further relief to equities, although the trade spat between the US and China remains no closer to a resolution, it added.
“Resistance is at the 1,656 level, while supports are at 1,640-1,642, followed by 1,639,” the reserach firm said in a note.
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