Oil bulls may boost Bursa
REVIEW: Bursa Malaysia kicked off the week on a steadier platform, with the FBM KLCI rising 2.32 points to 1,743.25, recovering from the previous session’s declines as investors emerged from the sidelines to seek bargain buys, encouraged by a firmer US markets overnight.
The closely-followed Dow Jones Industrial Average climbed 22.93 points to 23,539.19 the previous Friday due to a spike in iPhone maker, Apple Inc shares.
Over on the New York Mercantile Exchange, crude oil prices jumped US$1.10 per barrel to US$55.64 amid growing optimism members of the Organisation of the Petroleum Exporting Countries (Opec) and other producers led by Russia would extend output cuts.
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