Bursa sees slow uptrend


By K.m.lee

REVIEW: Despite starting the week below the flat line and losing 0.3 of a point to 1,661.59, Bursa Malaysia quickly turned higher in the wake of renewed bargain hunting activity, tracking a steadier Wall Street on the previous Friday.

Sentiment was positive in early session, as news about 1Malaysia Development Bhd (1MDB) exiting the power business after agreeing to sell its entire energy assets to China Nuclear Power Corp, lifted investors’ appetite for stocks.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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

Wall St set to rise ahead of speeches from Fed officials
Sarawak Cable finds new hope as alternative party is identified
Main Market-bound Feytech IPO public portion oversubscribed
Bursa lifts Awantec's affected issuer status
SC charges Pixelvest and former Infinity Trustee director with unlicensed capital market offences
Ringgit ends firmer against US dollar
InNature buys 'Burger & Lobster' franchise, eyes expansion into F&B Sector
Bank Negara fines Habib with RM96,250 for AMLA non-compliance
Pharmaniaga says 'stands firm' on financial recovery to exit PN17
Kobay gets UMA query from Bursa Malaysia

Others Also Read