KUALA LUMPUR, March 17 — Bursa Malaysia opened higher Friday on better sentiment, sparked by the Wall Street rally overnight following a joint rescue of First Republic Bank by...
KUALA LUMPUR, March 17 — Bursa Malaysia opened higher Friday on better sentiment, sparked by the Wall Street rally overnight following a joint rescue of First Republic Bank by several big US banks, an analyst said.The market bellwether opened 5.68 points higher at 1,397.28.
Meanwhile, many quarters are betting that the US Federal Reserve may be less aggressive in hiking interest rates next week, he added. “Back home, a rebound is in the offing buoyed by the positive performance on Wall Street. Hence, we anticipate the index to hover within the 1,390-1,405 range on broad-based accumulation today,” he told Bernama.
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