Malaysia Shares Edge Up 0.2%; Tech Stocks Could Gain -- Market Talk

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Malaysia Shares Edge Up 0.2%; Tech Stocks Could Gain -- Market Talk

Dow Jones05-03

0104 GMT - Malaysia's benchmark Kuala Lumpur Composite Index is 0.2% higher at 1582.86 in morning trade. Tech could draw particular buying interest after the Nasdaq index's gains overnight, coupled with Microsoft's announcement that it will invest $2.2 billion in AI infrastructure in Malaysia, Malacca Securities says in a note. Another sign of upward momentum is in KLCI's small-cap index, which reached a 52-week high this week. That could indicate further upside for the overall market, the brokerage reckons. Among gainers, FGV Holdings adds 0.7% and YTL Power International is up 0.9%. Meanwhile, Bumi Armada is down 1.7% and Press Metal Aluminium is 0.2% lower. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

May 02, 2024 21:08 ET (01:08 GMT)

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Among gainers, FGV Holdings adds 0.7% and YTL Power International is up 0.9%. Meanwhile, Bumi Armada is down 1.7% and Press Metal Aluminium is 0.2% lower. 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Tech could draw particular buying interest after the Nasdaq index's gains overnight, coupled ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4538","symbol_name":"云计算","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432993808","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432993808","pubTimestamp":1714698480,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0104 GMT - Malaysia's benchmark Kuala Lumpur Composite Index is 0.2% higher at 1582.86 in morning trade. 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(yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 02, 2024 21:08 ET (01:08 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}