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Pemerkasa+ stimulus package lifts Bursa Malaysia higher at opening | Malay Mail

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KUALA LUMPUR, June 1 — Bursa Malaysia opened slightly higher today with market sentiment lifted by the Pemerkasa+ stimulus package unveiled yesterday to assist businesses and the people as the nation entered full lockdown today. At 9.01am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added...

KUALA LUMPUR, June 1 — Bursa Malaysia opened slightly higher today with market sentiment lifted by the Pemerkasa+ stimulus package unveiled yesterday to assist businesses and the people as the nation entered full lockdown today.

“Investors may see buying interest in essential sectors that are able to operate during the lockdown. Commodity-wise, crude palm oil price fell below the RM4,000 level, while oil price climbed above US$69 per barrel,” the brokerage said in a note. Among the heavyweights, Maybank fell four sen to RM8.14, Public Bank eased one sen to RM4.20, PetChem and IHH rose five sen higher each to RM8.10 and RM5.35, respectively.

 

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