A newborn bull? Bursa Malaysia expected to strengthen in cautious trade


By K.M.LEE

REVIEW: The latest economic data filtered out from China, showing weak manufacturing figures and the big drop in Chinese stocks, drove overnight Wall Street down a hefty 530.94 points to 16,459.75 the previous Friday, its sharpest one-day fall in almost four years in a broad-based sell-off.

Over on the New York Mercantile Exchange, crude oil prices lost 87 cents to US$40.45 per barrel amid worries that a slower demand growth would prolong a global glut.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Market Trend , Bursa Malaysia , FBM KLCI

   

Next In Business News

Majuperak, Shizen to explore solar photovoltaic development in Perak
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
Spritzer clarifies mistaken identity in insider trading report
Berjaya Corp denies involvement in Forest City Casino talks
Malaysia's PPI higher by 1.6% in March 2024
Microlink wins RM56.45mil contract from Bank Islam Brunei
Bursa Malaysia higher at midday in sync with regional peers
PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
Ringgit retreats vs US$ ahead of personal consumption expenditure reading

Others Also Read