Bursa Malaysia closes higher but trading still cautious | Malay Mail

The benchmark FTSE Bursa Malaysia KLCI advanced 14.36 points to 1,652.76 compared with yesterday’s close of 1,638.18. — Malay Mail pic

“Investors are now betting the US Fed will move to cut rates as early as July, due to the slowdown in the US economy resulting from trade-related uncertainties,” a dealer said.The benchmark FTSE Bursa Malaysia KLCI advanced 14.36 points to 1,652.76 compared with yesterday’s close of 1,638.18. Turnover increased to 2.03 billion units worth RM1.72 billion from 1.62 billion units valued at RM1.43 billion recorded yesterday.

The local bourse opened today’s trading flat and it then turned mixed with investors adopting a wait-and-see attitude ahead of the meeting. Steel pole manufacturer Mestron Holdings Bhd, which today made its debut on Bursa Malaysia’s Ace Market with a premium of four sen today, added half-a-sen at closing to 16.5 sen.

Main Market volume appreciated 946.01 million shares valued at RM1.41 billion from 820.87 million shares worth RM1.21 billion.

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Bursa Malaysia ends morning session mixed | Malay MailKUALA LUMPUR, June 17 — Bursa Malaysia ended the morning session mixed on cautious trading, ahead of the US Federal Reserve (Fed) meeting. A dealer said investors were focused on the two-day meeting, beginning tomorrow. “The Fed is likely to cut interest rates on mounting...
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