Malaysia Airlines expands services with 112 additional red-eye flights to and from Sabah, Sarawak for peak travel period from Dec 19 to Jan 1; fixed fares for Chinese New Year
Market breadth was also negative as losers overwhelmed gainers 624 to 335, while 472 counters were unchanged, 1,044 untraded and 16 suspended. On the home front, he said Malaysian equities continue to provide investment opportunities driven by their undervalued status, stronger corporate earnings and improved economic conditions.
This was underpinned by market optimism over the possibility of an interest rate cut by the US Federal Open Market Committee , which would be favourable for the technology sector. As for the most active stocks, MYEG bagged 1.5 sen to 96 sen, JCY added 3.0 to 51.5 sen, Top Glove declined 6.0 sen to RM1.35, and Supermax increased 1.0 sen to RM1.11.On the index board, the FBM Emas Index gave up 27.89 points to 12,329.18, the FBM Emas Shariah Index fell by 18.05 points to 12,354.14, and the FBM ACE Index shed 1.84 points to 5,308.32.
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