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Blue chips fell in early Thursday trade as investors took profit after the several days of firm gains but again the broader market displayed resilience as foreign funds have been net buyers most of the week.
KUALA LUMPUR: The record closing on Wall Street galvanised investors’ confidence early Friday as they continued to accumulate chip makers, tech stocks while the strong oil prices saw firm interest in Petronas-linked stocks.
Digitalisation and automation likely to drive tech boom for the next five years
KUALA LUMPUR: Bursa Malaysia started the week on a firmer note on Monday as the FBM KLCI advanced on gains by Hong Leong Bank, tracking the steady key Asian markets.
KUALA LUMPUR: CIMB and Maybank helped lift the FBM KLCI at midday on Monday while crude palm oil continued to climb higher and the ringgit firmed up against the US dollar.
The FBM KLCI started Friday on a weak note, weighed down by losses in MISC and Petronas-linked stocks though the broader market was slightly firmer.
There are many examples of economies that have managed to break through the middle-income trap which Malaysia can emulate, experts said.