Bursa rebounds amid easing worries over banking sector’s health FMTNews FMTBusiness
Malacca Securities says resumed buying interest on Wall Street indicates investors’ confidence could spill over to Bursa Malaysia.
The brokerage added that the US consumer confidence and fourth quarter 2022 gross domestic product rate should take centre stage this week. Nonetheless, Thong believes the banking crisis in the US and Europe has very little impact on Malaysia as the domestic banking system is highly regulated and asset quality risks are well contained.
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