Bursa Malaysia higher at midday, boosted by year-end window dressing

Quick Summary:

KUALA LUMPUR: Bursa Malaysia rose at midday on Boxing Day, fueled by year-end window dressing activities in a thin market.

Traded volume stood at 1.34 billion shares valued at RM885.56mil.

Immediate support stays at 1,588, the 38.2% Fibonacci retracement (FR) of the 1,529 low (Aug 6) to 1,684 high (Aug 29) rally, with stronger key supports at 1,565, the 23.6% FR level, and then 1,550,” it added.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News KLCI Bursa Malaysia FBM KLCI Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 12:54:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 380 words

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Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 24668298

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