Bursa Malaysia snaps five-day losses as data centre stocks drive gains amid global optimism

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The index opened 1.78 points higher at 1,603.86 and moved between 1,603.74 and 1,611.98 throughout the day. “The data has heightened expectations that the US Federal Reserve may cut interest rates at next week’s meeting.He said the Technology Index, which is highly sensitive to interest rate movements, rebounded by 1.88 per cent today, reflecting growing optimism among investors.

Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said investors worldwide remained cautious in the lead-up to next week’s Fed meeting. Of the active stocks, Top Glove and JF Technology put on 9.0 sen each to RM1.41 and 79.5 sen, respectively, Supermax picked up 7.0 sen to RM1.10, while MYEG and Datasonic were flat at 94.5 sen and 43 sen, respectively.

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