File photo of an investor monitoring share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters pic
He said positive overnight Wall Street performance, Bank Negara Malaysia’s overnight policy rate cut, rising prices of commodities and ease of the US-China trade tension would drive positive sentiment next week. “Our participation in the ‘Belt and Road Initiative’ will give long-term advantage to the economic growth, as an important catalyst for foreign direct investment and connectivity to the global market.
He said despite the weakness in investment activities, the local market posted a 4.5 per cent growth in the first quarter of 2019. He said despite the US-China spat have gave sour impact to the ringgit against the greenback, the local market remained to be attractive, given the RM2.1 billion net inflow recorded in the capital market.
Overall, Bursa Malaysia was mostly higher despite the mounting concerns over the US-China trade spat.The FBM Emas Index declined 74.91 points to 11,300.05, the FBMT 100 Index depreciated 68.25 points to 11,136.80 and the FBM Emas Shariah Index erased 99.09 points to 11,451.34.Sector-wise, the Financial Services Index dropped 3.31 points to 16,562.87, the Plantation Index eased 154.78 points to 6,895.50, and the Industrial Products and Services Index gave up 2.86 points to 163.82.
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