Malaysia stock market may rebound after recent decline, global markets positive, support from tech and oil

From Nasdaq: 2025-01-05 18:33:20

The Malaysia stock market has declined over the past few days, but may see a turnaround on Monday. Global markets are expected to be positive, with technology and oil stocks providing support. The KLCI closed lower on Friday, pulled down by financials and telecoms. However, there was support from industrials. Wall Street ended on a high note, with all major averages finishing in the green. U.S. economic news showed manufacturing activity contracted at a slower rate in December. Oil prices rose on optimism for demand outlook, with WTI crude closing at $73.96 a barrel.



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