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PETALING JAYA: Banking stocks have been moving ahead of their results announcements, with some banks inching closer to their 52-week high levels.
KUALA LUMPUR: The recent rally in the stock market doesn’t seem to be waning anytime soon as buying from foreign funds persists amid growing optimism on the economic reopening and higher vaccination rate.
PETALING JAYA: The second-quarter (Q2) earnings of listed companies on Bursa Malaysia have been robust, indicating that the country’s economic recovery is shaping up from the Covid-19 fallout.
KUALA LUMPUR: Bursa Malaysia started on a strong footing on Friday as investors bought up bargains following two days of declines.
THE FBM KLCI closed above 1,600 points this week for the first time in five months since March 23, 2021.
FBM KLCI pulls lower amid renewed selling pressure
KUALA LUMPUR: Bursa Malaysia bucked the regional market trend to end the week lower on the selling of selected heavyweights such as KL Kepong, Hong Leong Financial Group, and Nestle.
FOR a start, the market is aware that earnings expectation for this year is extremely bullish, mainly driven by the low base effect from last year.