Malaysia's Stock Market Set for Continued Growth

Year-end window dressing activities are expected to drive Bursa Malaysia’s continued uptrend next week, fuelled by positive sentiment, according to UOB Kay Hian Wealth Advisors Sdn Bhd. Its head of investment research, Mohd Sedek Jantan, remained optimistic that the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) could edge closer to the company’s in-house 2024 target of 1,650, following the index rally this week to close above the 1,620 resistance level.

“This expectation is underpinned by the anticipated return of foreign investors after the Christmas holidays, alongside positive factors such as an improving global economic outlook and potential easing of monetary policy,” he told Bernama. He noted the recent strong performance was primarily driven by power and utility stocks, likely bolstered by year-end window-dressing activities by portfolio managers. “Notably, the rally occurred without significant foreign investor participation, underscoring the resilience of domestic market drivers,” he added. For the holiday-shortened week just ended, the FBM KLCI was higher amid continuous buying interest, taking cues from the upbeat performance on Wall Street and regional markets. On a Friday-to-Friday basis, the key index was up by 36.73 points to 1,628.14 compared to 1,591.41 in the previous week. The FBM Emas Index gained 258.81 points to 12,481.75, the FBMT 100 Index advanced 256.57 points to 12,165.17, and the FBM Emas Shariah garnered 267.28 points to 12,489.09. The FBM 70 Index expanded 328.20 points to 18,705

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

PNB Sees Continued Momentum for Malaysian Economy and Stock Market in 2025Permodalan Nasional Bhd (PNB) President and group chief executive Datuk Abdul Rahman Ahmad expressed optimism about Malaysia's economic prospects and the performance of the local stock market in 2025, citing strong FDI inflows and well-received economic policies as key drivers.
Fuente: staronline - 🏆 4. / 75 Leer más »

Bursa Malaysia opens lower as selling pressure weighs on market sentimentIt looks like Aimee Chan’s collection just got a stunning new addition.
Fuente: staronline - 🏆 4. / 75 Leer más »

Contrasting Narratives in Malaysia's Fruit MarketGovernment agencies report a rise in fruit production and improved self-sufficiency rates, enhancing export capabilities. However, wholesalers claim a decrease in local fruit supply due to increased costs and import reliance.
Fuente: staronline - 🏆 4. / 75 Leer más »

Contradictory Reports on Malaysia’s Fruit Market GrowthGovernment agencies report a rise in fruit production leading to improved self-sufficiency and export capabilities, while wholesalers claim a decrease in local fruit supply due to increased import dependence and rising costs.
Fuente: staronline - 🏆 4. / 75 Leer más »