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Malaysian stock market: The five-day losing streak ended Friday

16/12/2022
Source : ORISHAS FINANCE
Categories: Index/Markets

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The Malaysian stock market ended the five-day losing streak in a row during which it had fallen by more than 25 points or 1.7% on Friday, December 9, 2022.

The Kuala Lumpur Composite Index is now just above the 1,475-point plateau, although it may fall back to the south on Monday, December 12, 2022. Indeed, global forecasts for Asian markets are weak given recession fears and the interest rate outlook, so while stock markets were down and Asian markets should follow the latter lead, European markets were up and in the United States.

The KLCI ended slightly higher on December 9 after gains for glove makers and telecoms, while finances and plantings were mixed. The index gained 11.26 points or 0.77% to finish at 1,477.19 after trading between 1,466.76 and 1,477.42. Among the assets, while CIMB Group gained 0.71%, style="font-family: "Bookman Old Style”, "Serif">Dialog Group a progressé de 1,32%, digi.com strengthened by 1.56%, Genting gained 1.40%, Genting Malaysia jumped 1.93%, Hartalega Holdings increased by 3.16% ,increased IHH Healthcare by 2.56%.%, INARI has lost 0.37%, IOI Corporation increased by 0.53%, style="font-family: "Bookman Old Style”, "Serif"">Kuala Lumpur Kepong a chuté de 0,95%, Maybank a collecté 0,81%, Maxis increased by 0.78%, MRDIY fell by 1.90%, Petronas Chemicals jumped 1.43%, PPB Group advanced 1.27%, Press Metal fell by 0.21%, RHB Capital a chuté de 0.53%, Telekom Malaysia a gagné 0,18%, Tenaga Nasional increased by 1.97%, Top Glove jumped by 4.35%, and Sime Darby, Sime Darby Plantations, Axiata Public a gagné 0,98% et Bank and MISC remained unchanged.

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