November 26, 2024 05:08 GMT
MALAYSIA: Country Wrap : FTSE Malaysia Up for Third Day
MALAYSIA
- Palm oil bounces back after tumbling by the most since April 2023 last week on signs Malaysian production is set to drop (source: BBG).
- OIL: Crude Down Sharply as Israel/Hezbollah Truce Deal Closer (source: MNI – Market News).
- Malaysia’s FTSE Bursa KLCI was strong again today, following finishing up +0.48% yesterday. It was up by +0.47% aiming for its third successive day of positive returns.
- MYR – as news items flowed about potential US tariffs, the Ringgit weakened, down -0.25% for the day.
- Bonds: strong rally across the curve with yields down 2-4bps. MGS 10-year 3.809%.
95 words