Bursa bounces higher in anticipation of firmer earnings


KUALA LUMPUR: The domestic market rebounded following losses in the previous session as a raft of corporate earnings results are slated to be released in the coming week.

While earnings misses from Wall Street touchstone consumer stocks Target and Walmart recently raised recession fears and led to a continued sell-off in US markets, Bursa Malaysia has proved defensive with high investor expectations for positive earnings.

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Bursa Malaysia , FBM KLCI , equities

   

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