MIDF maintains 'buy' on Bursa as market cap of local bourse hits RM2t

Rapid Rail: KL Sentral-Medan Tuanku monorail service suspended, feeder bus and trains deployed after tree falls on track along Jalan Sultan IsmailOn May 7, 2024, Malaysian stocks reached a milestone as they hit RM2 trillion in market capitalisation for the first time.

On the index performance, FBM KLCI saw year-to-date gains of 10.4 per cent, making it the best-performing index in Asean thus far. Compared to peers, only Japan’s Nikkei has outperformed with a 16 per cent gain.MIDF noted that the support provided by local investors and the return of foreign funds in May have lifted sentiment.

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Bursa Malaysia hits all-time high market capitalisation of more than RM2tKUALA LUMPUR, May 7 — Bursa Malaysia today hits a new record of more than RM2 trillion in equities market capitalisation. The local exchange via X (previously known as...
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