Global vaccination effects pushes equity market to open higher

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KUALA LUMPUR: Bursa Malaysia opens higher today in tandem with the positive momentum across developing nations’ equity markets, following the developm...

Bursa Malaysia opens higher today in tandem with the positive momentum across developing nations’ equity markets, following the development in the global initiative towards Covid-19 vaccination over the weekend.

“After almost a year of the global market gasping for air, investors are positive that markets will recover in the first quarter of next year,“ she said. The stakes for lower- and middle-income nations are immense as Astra’s vaccine costs a fraction of the price set by Pfizer and will be manufactured in multiple countries, from India to Brazil.

On Bursa Malaysia, heavyweights Public Bank added 34 sen to RM18.64, Top Glove rose nine sen to RM7.38, Hartalega leaped 14 sen to RM14.54 and MISC inched five sen to RM7.05.

 

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