Bursa Malaysia soars to new three-year peak on global rate cut buzz

Quick Summary:

KUALA LUMPUR, July 17 — Bursa Malaysia pared down gains at the closing bell today with the index recording a fresh three...

Among the active counters, Ekovest increased four sen to 55.5 sen, Berjaya Corp rose three sen to 38.5 sen, SNS Network jumped eight sen to 92 sen, Censof added one sen to 39.5 sen, WCT gained seven sen to RM1.23, and Velesto was flat at 23.5 sen.

This is expected to be supported by several factors such as the US Fed’s recent shift towards rate cuts, renewed interest from foreign investors and heightened enthusiasm surrounding investment themes such as data centres, and semiconductors,” he added.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaHong KongJapanSingapore

Topics: Stocks Bursa malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 19:12:50 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 19 lines

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Copyright Owner: © Malay Mail

News ID: 21664220

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