KUALA LUMPUR: Bursa Malaysia opened on a positive note in early trade, with notable gains in Tenaga Nasional, Maybank, and YTL Power, as market sentiment remained optimistic.
Inter-Pacific Research continues to view the Malaysian equity market's undertone as a firm, with upsides likely to prevail for the time being, buoyed by the positive impact of a U.S. interest rate cut, which is widely regarded as beneficial for the country's economy in the medium term. At the same time, domestic catalysts remain limited, which may further constrain upside potential in the near term.
“On the downside, the immediate support is at the 1,665 level, followed by the 1,660 level,” Inter-Pacific said.
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