KUALA LUMPUR, July 8 ― Shares on Bursa Malaysia remained higher at mid-morning, supported by buying interest in heavyweight stocks led by the finance sectors. Public Bank and Maybank were the main contributors to the barometer index. At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was...
At 11am, the benchmark FTSE Bursa Malaysia KLCI was 8.96 points higher at 1,575.68 from yesterday’s close of 1,566.72. — Reuters pic
“The cut was widely expected and banks would have adjusted its pricing and strategy accordingly,” he said. “For now, consolidation could be due following the recent stretch of rally that allows investors to digest the recent gains, while the renewed volatility on Wall Street may permeate to stocks on Bursa Malaysia,” it said.
On the index board, the FBM Emas Index advanced 67.19 points to 11,089.64, the FBMT 100 Index expanded 64.32 points to 10,937.74 and the FBM 70 grew 88.62 points to 13,617.46.
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