Bursa stays resilient

“The talk of global interest rate hikes have been going on for a while and this has likely been priced in,” Rakuten Trade head of equity sales Vincent Lau told StarBiz.

KUALA LUMPUR: The benchmark FBM KLCI continues to hold on to its gains at around 1,600 points despite less-than-encouraging global sentiment due to talks of potential interest rate hikes and the possibility of a Russian-Ukraine war.

Analysts said Bursa Malaysia appeared to be resilient despite all these negatives which have likely already been priced into stock prices.