Bursa Malaysia hits new 44-month high on financial stocks surge; surpassing 1,660 level in early trade

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Bursa Malaysia News

Stocks

KUALA LUMPUR, Aug 28 — Bursa Malaysia surpassed 1,660 level in early trade, with the benchmark index gaining 0.79 per cent, opening at a fresh 44-month high today, bolstered by...

China low-cost airline 9 Air begins weekly Guiyang and Kuala Lumpur route, sole budget route connecting Central/Southern China to Malaysia

The index broke the previous 44-month high recorded on December 14, 2020 where it closed at 1,662.74.The broader market was positive as gainers led losers by 183 to 178, with 217 counters unchanged, 1,938 untraded, and 42 others suspended.Wall Street ended marginally higher amid a choppy session as traders await the announcement of Nvidia’s earnings, to be released later today.

He reckoned the recent influx of initial public offerings which topped RM2 billion raised for the first half of 2024 may be one of the main reasons for the low interest in small caps. As for the actives, Vetece advanced 22 sen to 47 sen, Velesto went up half-a-sen to 21.5 sen, while Notion erased 3.5 sen to 85.5 sen, Securemetric fell 2.5 sen to 21.5 sen, and Tanco decreased one sen to RM1.03.

 

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