Bursa Malaysia reverses early losses to end higher ahead of MPC outcome

Quick Summary:

KUALA LUMPUR: Bursa Malaysia recouped earlier losses to close higher today as late buying lifted the benchmark index to its intraday high on market expectations that Bank Negara’s Monetary Policy Committee (MPC) will maintain the Overnight Policy Rate (OPR) at its meeting tomorrow.

While market sentiment has shown signs of improvement, we recognise that investor expectations may fluctuate with shifts in the macroeconomic landscape.

The benchmark index opened 1.77 points firmer at 1,618.20 and subsequently hit a low of 1,613.91 in the early session before gaining its upward momentum in the late trading session.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong Kong

Topics: Trading Markets Bursa Malaysia /Business/Business News Equities FBM KLCI Commodities

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 18:11:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23428758

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