KUALA LUMPUR: Malaysia's benchmark stock index is poised to end the day at a fresh two-year high as boost in sentiment over US big technology stocks helped to lift buying interest in equities.
KUALA LUMPUR, May 3 Bursa Malaysia ended the week on a firmer note today, bucking the mostly lower regional market performance, on persistent buying in utilities and.
Ahead of Wednesday's Labor Day holiday, the Malaysia stock market had ended the two-day winning streak in which it had advanced almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau and it may take further damage on Thursday.
While retail investors are active on major exchanges, their participation has eased on Bursa Malaysia despite the market benchmark posting 8.34% gains year-to-date (y-t-d) and being within an earshot of the 1,600-point level.