– A + A KUALA LUMPUR (Dec 28): Inter-Pacific Securities Sdn Bhd said the near-term outlook remains positive, helped by the easing concerns over the Omicron variant that looks to be much less severe, even as it is more contagious. In its daily bulletin on Tuesday (Dec 28), the research house said with the easing selling pressure, window dressing activities dominated trading instead as index heavyweights were chased up on thin volumes and allowing the key index to buck the region's weaker trend. It said much of the gains were contributed by healthcare stocks like Top Glove Corp Bhd and IHH Healthcare Bhd, while many lower liners and broader market shares also rose on mild bargain hunting. Collectively, it said these activities helped market breadth to stay positive for the day. Inter-Pacific said the gains in key global equity markets overnight could also provide some more upside impetus for Malaysian equities and window dressing activities are likely to continue ahead of the year-end. Still, it said the follow through buying strength remains to be seen as market participation has been thin of late. "At the same time, quick profit taking may also materialise that could temper some of the near-term… Read full this story
- GLOBAL MARKETS-Stocks struggle higher on Brexit hopes as trade optimism fades
- GLOBAL MARKETS-Stocks meander on caution over trade talks, dollar gains
- GLOBAL MARKETS-Stocks, pound rise on cautious Brexit deal hopes
- GLOBAL MARKETS-Stocks jump on report Brexit deal may be close, oil slips
- GLOBAL MARKETS-Stocks dip as report China wants more trade talks tempers optimism
- GLOBAL MARKETS-Stocks make cautious gains ahead of key Brexit summit
- GLOBAL MARKETS-Stocks rise on cautious Brexit deal hopes, oil extends losses
- GLOBAL MARKETS-Asia shares cheered by Sino-.U.S. trade progress
- Polyoxytetramethylene Glycol Global Market Research Report 2016-2021
- Industrial Fabrics Consumption Global Market Research Report 2016-2021
Gains in global markets could provide upside impetus for Malaysian equities have 295 words, post on www.theedgemarkets.com at December 28, 2021. This is cached page on IT Breaking News. If you want remove this page, please contact us.