KUALA LUMPUR, July 9 ― Bursa Malaysia opened marginally higher today, extending yesterday’s gains following a strong overnight performance of Wall Street lifted by demand on technology stocks. Nasdaq hit a record closing high as investors focused on technology stocks that can outperform amid an...
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI gained 0.78 of a point to 1,584.28 from yesterday’s close of 1,583.50. — Picture by Azneal Ishak
Nasdaq hit a record closing high as investors focused on technology stocks that can outperform amid an acceleration of Covid-19 infections in about 30 American states. The Dow Jones Industrial Average climbed almost 180 points to close above the 26,000 level again amid the high volatility. “On the local front we reckoned the FBM KLCI which have been extremely stubborn toward the upside thus far to challenge the 1,600 level buoyed by high liquidity following the latest cut in the interest rate on Tuesday,” it added.
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