Bursa Malaysia rebounds on upbeat corporate earnings and Wall Street rally

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Bursa Malaysia bounced back today after two consecutive days of losses on bargain hunting as investors are upbeat over the ongoing corporate earnings season and positive performance on Wall Street overnight. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, Aug 22 — Bursa Malaysia bounced back today after two consecutive days of losses on bargain hunting as investors are upbeat over the ongoing corporate earnings season and positive performance on Wall Street overnight, said an analyst.

Turnover increased to 3.72 billion units valued at RM3.08 billion from 3.27 billion units worth RM2.90 billion yesterday. “Additionally, positive earnings results from several companies in the data centre supply chain have validated our view that data centres, along with the Johore-Singapore Special Economic Zone, will remain key drivers for the second half of 2024,” he added.

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Bursa Malaysia rebounds, but market breadth stays negativeSINGAPORE: The scams situation here has worsened as the number of cases increased by 16.3 per cent, with victims losing a record high of over S$385.6 million in the first six months of 2024.
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