Bursa Malaysia ends higher in line with most regional markets

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KUALA LUMPUR: Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve's substantial interest rate cut.

Regionally, Japan's Nikkei 225 rallied 1.53 per cent to 37,723.91, Hong Kong's Hang Seng Index jumped 1.36 per cent to 18,258.57, and Singapore's Straits Times Index eased 0.34 per cent to 3,620.78.

UOB Kay Hian Wealth Advisors head of investment research, Mohd Sedek Jantan, noted the FBM KLCI's gains were led by utilities, logistics, and banking stocks, reflecting improved market sentiment.

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Category: EconomyBusiness

Markets: MalaysiaHong KongJapanSingapore

Topics: FBM KLCI Mohd Sedek Jantan Bursa Malaysia Markets /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 18:09:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 684 words

Reading Time: 4 minutes read

Sentences: 19 lines

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Copyright Owner: © The Star

News ID: 22619512

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