KUALA LUMPUR: Despite a poor start to the day, optimism is likely to prevail on Bursa Malaysia today, with banking stocks taking the lead.
Prime Minister Anwar Ibrahim announced at the unveiling of his Ekonomi Madani initiative yesterday that the move was to revive Malaysia’s capital market. He said traders were also likely to remain optimistic about the US gross domestic product, which rose by 2.4% in the second quarter of 2023, its fourth consecutive quarter of growth.
Of the actives, Capital A bagged four sen to RM9.55, Tanco Holdings perked up half-a-sen to 56.5 sen, AirAsia X widened 18 sen to RM2.51 and GDB Holdings expanded 1.5 sen to 22.5 sen while Hong Seng Consolidated shed half-a-sen to eight sen.
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