Government securities (G-sec) firmed up on good buying support from banks and companies. The 9.15 per cent G-sec maturing in 2024 climbed to Rs 105.7 from Rs 105.4 yesterday, while its yield declined 8.4 per cent from 8.44 per cent. The 8.79 per cent G-sec maturing in 2021 rose to Rs 102.9 from 102.6, while its yield eased to 8.3 per cent from 8.4 per cent previously. The 8.15 per cent G-sec maturing in 2022 also surged to Rs 100.6 from Rs 100.2, while its yield fell to 8.05 per cent from 8.11 per cent. The 8.19 per cent G-sec maturing in 2020, the 7.8 per cent maturing in 2018 and the 8.3 per cent maturing in 2027 also quoted higher at Rs 99.98, Rs 98 and Rs 98.38 respectively.
Bursa likely to extend profit taking
Share prices are expected to undergo further profit-taking next week with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) possibly retreating to the 1760 points support level.
Weak regi
Stable short-term rates seen next week
Short-term rates are expected to remain stable next week as Bank Negara Malaysia continues to intervene to reduce excess funds from the financial system.
On Thursday, the overnight rate s
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