Bursa expects local bourse to perform better this year on higher corporate earnings


KUALA LUMPUR: Bursa Malaysia Bhd expects the local equity market to perform better this year, underpinned by a stronger economic growth forecast for 2024 that would pave the way for higher corporate earnings and more fundraising activities.

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said the stock market performance for the first 30 days of 2024 had improved significantly with an average daily trading value of RM3.2 billion and foreign investment inflows of RM512 million.

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