Bursa Malaysia rises at open as Budget 2027 lifts sentiment, Wall Street tech stocks rebound
KUALA LUMPUR, Oct 12 — Bursa Malaysia opened higher today, buoyed by positive sentiment following Budget 2027 and...
Bursa Malaysia opened higher on Oct 12, 2023, as investors welcomed positive sentiment from Budget 2027 and a rebound in Wall Street technology stocks. The FTSE Bursa Malaysia KLCI rose 5.10 points, or 0.31%, to 1,613.55 from Friday’s close of 1,608.45. The broader market saw more gains than losses, with 251 counters up, 200 down, and 1,993 unchanged.
Turnover reached 340.29 million units worth RM181.54 million. The investment bank Hong Leong Investment Bank attributed the favorable sentiment to Budget 2027, which it deemed rakyat-friendly, highlighting its balanced approach to social protection, growth initiatives, and fiscal consolidation.
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