Malaysian stocks rise on optimism over coming Budget

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Markets أخبار

Bursa Malaysia,Equities,Commodities

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KUALA LUMPUR: The Malaysian stock market was optimistic ahead of this evening's tabling of Budget 2025, registering 499 positive counters with gains across all the broader market sectors.

The index sat atop the 50-day simple moving average as investors awaited fresh catalysts from the Budget to trigger a breakout. The financial services sector was among the most improved with gains in Hong Leong Bank, up 12 sen to RM21.18 and Public Bank adding three sen to RM4.57, LPI Capital climbing four sen to RM13.04 and AEON Capital jumping eight sen to RM7.16.

Of actives, WCT rose 1.5 sen to 93 sen, Bina Puri gained 1.5 sen to 36 sen and MYEG was up one sen to 90.5 sen.

 

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