Bursa Malaysia ends higher lifted by plantation, construction stocks

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KUALA LUMPUR: Bursa Malaysia closed at its intraday high on Monday, driven by bargain hunting in heavyweights with a focus on plantation and construction stocks.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said that bargain hunting in plantation stocks continued from last week as crude palm oil futures approached RM5,000 per tonne today.

The benchmark index opened 3.77 points firmer at 1,607.75, reaching its lowest point of the day, before making an upward climb throughout the day.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Closing Thong Pak Leng Markets /Business/Business News BNM FOMC Bursa Malaysia Bargain hunting

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 18:40:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 777 words

Reading Time: 5 minutes read

Sentences: 26 lines

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Copyright Owner: © The Star

News ID: 23393286

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