Rakuten Trade Sdn Bhd said despite facing with numerous headwinds, Wall Street staged a relief rally last Friday as all three major indices closed broadly higher.
“On the back of the strong performance on Wall Street, we reckon regional markets to ride on the uptrend hence expect to see the local bourse to improve today.Meanwhile, crude palm rebounded to almost the RM4,900 a tonne level with the Brent also ended higher at US$113 per barrel. Mercury Securities expects the local bourse to increase in lockstep with the strong gains on Wall Street last Friday.
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