Bursa Malaysia opens higher, in line with global stocks | Malay Mail

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KUALA LUMPUR, Nov 25 — Bursa Malaysia opened on a higher note today, in line with positive development of global stocks on better economic forecast. As at 9.17am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.75 points higher at 1,585.14 compared with yesterday’s close of...

On Malaysian counters, cyclical stocks, which revolved around consumer, financial, as well as real estate, have shown upward momentum as well. ― Picture by Hari Anggara

“The good times for equities are back as a political shift in the US has subsided as president-elect Joe Biden has made his Treasury Department’s nomination of Janet Yellen to the post which indicates his policy preferences,” she said. On Malaysian counters, cyclical stocks, which revolved around consumer, financial, as well as real estate, have shown upward momentum as well.

 

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