KUALA LUMPUR, Oct 10 ― Bursa Malaysia opened higher today, taking its cue from Wall Street's better performance overnight amid ongoing geopolitical tensions, a dealer...
1MDB’s RM2.28b went through many banks overseas before coming back to Malaysia and into Najib’s accounts, Bank Negara analyst says
“Nonetheless, crude oil prices surged in a knee-jerk reaction to the conflict with Brent crude edging past US$88 per barrel and this may derail the US Federal Reserve's attempts to manage inflation,” he told Bernama. Malacca Securities Sdn Bhd believes the market could be focusing on the economy and earnings season that will be starting this week with the banking heavyweights.
“With the spike in the Brent oil and gold prices following the Middle East conflict, we think traders may focus on the oil and gas as well as gold-related sectors, and buying support should persist for the near term. Of the actives, Classita and Advance Synergy inched up one sen each to 7.5 sen and 14.5 sen, respectively, KNM Group lost two sen to 12.5 sen while Tanco and Kinergy Advancement were flat at 55.5 sen and 33.5 sen.
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