News Formal

Malacca Securities Sees Market Rebound Amid Lacklustre Corporate Results

  • 📰 staronline
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 75%

Financial Markets News

Malacca Securities,Market Rebound,Corporate Results

Malacca Securities Research anticipates a market rebound with a positive outlook on technology, gloves, and plantation sectors due to ringgit depreciation and sustained buying interest in plantation stocks.

At the opening bell, the benchmark index was up 2.55 points to 1,596.84, firmly below the 1,600 psychological level after the release of lacklustre corporate results.

The research firm also said it maintained a positive outlook on technology and gloves as the sectors could benefit from the ringgit's depreciation of at least 7.5% since the end of of September. Meanwhile, the research firm said traders will monitor key econmic indicators including ISM PMI data, labour market updates and weekly unemployment claims.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Securities Commission blocks 300 sites pushing illegal investment schemesLim and Teo, who tied the knot in March 2020, announced on Jan 9 that they had gone their separate ways.
Source: staronline - 🏆 4. / 75 Read more »