KUALA LUMPUR, March 27 — Bargain hunting activities boosted Bursa Malaysia this morning in sync with the Wall Street, driven by the rebound in banking stocks after authorities...
KUALA LUMPUR, March 27 — Bargain hunting activities boosted Bursa Malaysia this morning in sync with the Wall Street, driven by the rebound in banking stocks after authorities reassured the market about financial stability.
Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the US market was supported by the buying momentum in mega-cap tech and other sectors, which helped to lift all major indices into positive territory. “The local benchmark index is still in an oversold position thus we anticipate the FBM KLCI to trend within the 1,400-1,410 for today,’’ he said.
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