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

📆 13/12/2024 19.40.00
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Bursa Malaysia Berita

Stocks,Bursa Closing

KUALA LUMPUR, Dec 13 — Bursa Malaysia snapped five consecutive days of losses to end higher today, buoyed by stocks linked to the data centre supply chain, particularly in...

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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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