Bursa opens higher on resilient domestic demand
The main index climbs to 1,737.94 although the earnings season keeps investors cautious and selective.
Bursa Malaysia opened higher on Monday, buoyed by resilient domestic demand, according to an analyst at Apex Securities Bhd. The FTSE Bursa Malaysia KLCI index edged up 1.46 points to 1,737.94, while market breadth was positive with more gainers than losers. However, trading is expected to remain cautious due to selective investor behavior and the impact of external uncertainties such as elevated US Treasury yields and Middle East tensions.
Among the heavyweights, Maybank, Public Bank, CIMB Group, and Tenaga Nasional showed gains, while IHH Healthcare fell.
Brief written by urgent.news from Free Malaysia Today's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Bursa opens higher on resilient domestic demand freemalaysiatoday.com
