Banking Stocks Rally May Continue

Quick Summary:

Banking stocks lifted the sentiment on the local front, with the Bursa Malaysia Finance Index surging +8% from its lowest point on 9 April, reflecting that traders have already priced in the current environment after the major sell-down in the previous week.

Meanwhile, the Transportation & Logistic sector declined the most.

In the commodities market, Brent oil rebounded and headed higher towards USD68/barrel, while gold traded range-bound at USD3,327/oz.

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Article Details

Author / Journalist: Editor

Category: InvestingBusiness

Markets: MalaysiaChinaJapan

Topics: Bursa Banking Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 02:29:45 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 332 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28078043

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About Business Today

Main Topics: InvestingBusiness

Official Website: businesstoday.com.my

Update Frequency: 5 posts per day

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 10 hours ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #73

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