Malaysia stock market rebounded slightly, driven by gains in financial, telecoms, and plantation sectors.

From Nasdaq: 2024-06-30 19:33:49

The Malaysia stock market has rebounded from a recent losing streak, with the KLCI rising 0.32% on Friday to close at 1,590.09. This increase was driven by gains in financial shares, telecoms, and plantation stocks. However, the global market forecast remains soft, with oil and technology stocks likely to drag markets lower. In the US, major averages ended slightly lower on Friday, with the Dow falling 0.12%, NASDAQ down 0.71%, and S&P 500 slipping 0.41%. Oil prices also saw a modest decline on profit-taking, with WTI crude dipping to $81.54 a barrel.



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