新2网址:Bursa tracks Wall Street's bounce amid anxiety over Fed meet
KUALA LUMPUR: Bursa Malaysia rose in early morning trade following the slight bounce on Wall Street overnight as investors waited anxiously for the start of the Jackson Hole Economic Symposium later tonight.
At 9.05am, the FBM KLCI was up 3.71 points to 1,470.97. The market breadth was positive with 162 gainers and 107 decliners.
Trading volume was 149.95 million shares valued at RM41.8mil.
Investors are on tenterhooks as US Federal Reserve chairman Jerome Powell is expected to give statements during the meet, which would offer insight as to the pace of interest rate hikes forward given lastest developments in the economy.
"Given the flattish performance on Wall Street we expect trading interest may stay muted on the local front, especially ahead of theJackson Hole meeting, where traders are speculating a more hawkish tone fromthe Fed.,
"However, we think some bargain hunting activities may emerge within the technology sector after the selldown, at least for today," said Malacca Securities Research in a report.
Banks were mostly unchanged as their quarterly earnings results are expected to start trickling in from today. However, Maybank picked up three sen to RM8.8 and RHB rose four sen to RM5.74.
Telcos were also mostly higher with Axiata gaining four sen to RM2.95, Digi rising three sne to RM3.57 and Maxis untraded.
PETRONAS Dagangan slid 14 sen to RM16.94 following the release of its earnings yesterday evening.
On the broader market, oil and gas counters were lifted by rising crude prices. Hengyuan jumped 16 sen to RM5.45, Petron Malaysia added 14 sen to RM5.70 and Hibiscus Petroleum rose 2..5 sen to 98.5 sen.
Top actives included TWL unchanged at five sen, Serba Dinamik down 0.5 sen to four sen and Euro unchanged at 12.5 sen.
Also helped by stronger-than-expected second-quarter results, the S&P 500 and the Nasdaq in July posted their biggest monthly percentage gains since 2020.语言是苍白的，好啊
@足球预测网（www.hgbbs.vip） Hong Leong Industries Bhd's net profit for 4QFY22 rose 82.43% YoY to RM72.68 million.天哪，我被吸引住了
@新2足球信用平台出租（www.hg108.vip） Kim Hin Joo's shares are now traded at 20 sen compared with 43 sen when it debuted on the local bourse in 2019.我醉了
International investors have poured capital into the A-share market since mid-May, showing the most interest in the industrial, public utility and financial sectors, as calculated by Credit Suisse.太好看了，看了一天
@皇冠正网（www.hg108.vip） Earlier, he said that today’s meeting included an agreement to appoint Tanjung Malim MP and PKR vice-president Chang Lih Kang as Perak PKR leadership council chairman for the 2022-2025 term. – Bernama, August 11, 2022.一定一定要看这个！
“I think Tesla, you know, would continue to do very well even if I was kidnapped by aliens, or went back to my home planet,” he joked, drawing laughter and applause.可以的哈，眼熟我
Investors now await consumer price data on Wednesday to gauge whether the Fed might ease a bit in its inflation fight and provide a better footing for the economy to grow.同意大家
That’s led to factory shutdowns as soaring demand from air conditioners collides with the constraints of a provincial grid that depends on dams for four-fifths of its electricity.The hydro potential of the Yangtze and its sister rivers originating in the Tibetan Plateau is crucial to the future of Asia. Nearly half of humanity lives in countries dependent on the vast rivers fed by the glaciers and snowpack of the plateau and Himalayan mountains. It’s hotly debated how that frozen store of water will fare as the climate warms – but this year’s events in Sichuan, in southwestern China, show that even a change in rainfall conditions downstream can affect output from major dams.天哪，迫不及待想看