The local bourse remained upbeat following the launch of Madani Economy framework and the NETR to boost the Malaysian economy. We gather that several initiatives such as allowing the trading of smaller size lots and fractional shares as well as enabling automatic transitions for companies listed on the ACE Market to the Main Market will boost trading interest within Bursa Malaysia. Meanwhile, the lower liners will continue to enjoy rotational play on the back of the calmer market conditions. Elsewhere, we expect some profit taking to emerge on the local bourse, mirroring the weakness on Wall Street overnight.
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