KUALA LUMPUR: Rising global sentiment over renewed bets the US Federal Reserve will cut interest rates this year is keeping the rally going on Bursa Malaysia.
After three consecutive sessions of gains the benchmark FBM KLCI remains on a rise, starting Tuesday 3.46 points higher to cross a psychological resistance at 1,600.85.
"Optimism surrounding the prospects of interest rate cuts continues to buoy global markets and we expect the positive sentiment that is largely supported by the return of foreign funds to remain in place for the local bourse today.
"The lower liners may also fare better, taking cue from the positive developments on Wall Street overnight as traders capitalise onto the positive sentiment as of late," said Apex Securities Research in its market outlook.
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