Bursa Malaysia opens higher on upward momentum
KUALA LUMPUR, June 10 — Bursa Malaysia opened higher this morning, in continuing its upward momentum on the back of positive sentiment surrounding the market.
This optimism will temporarily cast aside the lingering concerns of the US-China trade spat as well as the corresponding effects of the slowing global economic environment, it said. “Therefore, much of the upcoming gains will largely be on the back of the developments in overseas markets,” it said in a note today.
Among heavyweights, Maybank rose three sen to RM9.02, Public Bank and Tenaga increased eight sen each to RM23.50 and RM12.86 respectively, CIMB gained three sen to RM5.31 while Petronas Chemicals was flat at RM8.40.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bursa Malaysia likely to continue uptrend next weekHowever, market watchers will be waiting to see if the US cuts interest rates.
Read more »
Bursa likely to continue uptrend next week | Malay MailKUALA LUMPUR, June 8 — The upward momentum on Bursa Malaysia is likely to continue next week as sentiment in the market remains positive backed by favourable external developments, a dealer said. He said the local bourse would continue to see support from foreign investors, who were net buyers to...
Read more »
Bursa likely to continue uptrend next week | Malay MailKUALA LUMPUR, June 8 — The upward momentum on Bursa Malaysia is likely to continue next week as sentiment in the market remains positive backed by favourable external developments, a dealer said. He said the local bourse would continue to see support from foreign investors, who were net buyers to...
Read more »
Sarawak Pakatan moots Kuching to host national Malaysia Day 2019 celebration | Malay MailKUCHING, June 8 ― The national level celebration to mark the anniversary of the country’s formation should be held here this year, Sarawak Pakatan Harapan (PH) Chong Chieng Jen said today. Chong, who is also the deputy federal minister of domestic trade and consumer affairs, added that having...
Read more »
Coach admits Timor Leste’s inexperience led to 7-1 drubbing by Malaysia | Malay MailKUALA LUMPUR, June 8 — Timor Leste football team’s head coach, Norio Tsukitate admitted that his charges’ 7-1 drubbing to Malaysia last night was mainly due to the fact that the players are young and inexperienced. The 59-year-old Japanese coach revealed that he was forced to rely on the...
Read more »
Fight for more state funding rather than to host Malaysia Day, Sarawak Pakatan told | Malay MailKUCHING, June 9 — Sarawak Pakatan Harapan should not squander its influence with the federal government on low-impact requests like hosting this year's Malaysia Day celebrations, said the Sarawak Reform Party (STAR). STAR president Lina Soo said the state chapter of the coalition should instead...
Read more »