Bursa Malaysia snaps five-day losses as data centre stocks drive gains amid global optimism

  • 📰 malaymail
  • ⏱ Reading Time:
  • 40 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 86%

Bursa Malaysia News

Stocks,Bursa Closing

KUALA LUMPUR, Dec 13 — Bursa Malaysia snapped five consecutive days of losses to end higher today, buoyed by stocks linked to the data centre supply chain, particularly in...

BWF World Tour Finals: Malaysia’s Zii Jia secures semis spot as Aaron-Wooi Yik, Sze Fei-Nur Izzuddin stay in contention

The index opened 1.78 points higher at 1,603.86 and moved between 1,603.74 and 1,611.98 throughout the day. “The data has heightened expectations that the US Federal Reserve may cut interest rates at next week’s meeting.He said the Technology Index, which is highly sensitive to interest rate movements, rebounded by 1.88 per cent today, reflecting growing optimism among investors.

Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said investors worldwide remained cautious in the lead-up to next week’s Fed meeting. Of the active stocks, Top Glove and JF Technology put on 9.0 sen each to RM1.41 and 79.5 sen, respectively, Supermax picked up 7.0 sen to RM1.10, while MYEG and Datasonic were flat at 94.5 sen and 43 sen, respectively.

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:

 /  🏆 1. in MY
 

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

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Solitario expands global presence with new lab-grown store in Kuala Lumpur, enters Malaysia marketSolitario blings better with its global expansion into South-east Asia This is Solitario’s first store in Kuala Lumpur, offering ethical brilliance with cutting-edge design...
Source: malaymail - 🏆 1. / 86 Read more »