Bursa Malaysia set to hold firm ahead of GDP data

TheStar Fri, Nov 15, 2024 09:21am - 1 year View Original


KUALA LUMPUR: Bursa Malaysia climbed in early trade on Friday, tracking Wall Street's gains and buoyed by bargain hunting after recent losses.

The FBM KLCI rose 3.22 points, or 0.2 to 1,603.90 at 9.16 am. The index opened 0.75 of a point higher at 1,601.43 earlier.

Bank Negara is expected to release the third-quarter gross domestic product (GDP) data at noon today.

Reuters reports that Malaysia's economic growth likely slowed modestly in the third quarter compared to a year earlier, with strong private consumption and construction activity offsetting the decline in mining output, according to a poll of economists.

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