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Optimism in Wall Street investment sentiment is on the rise, with gold and US stocks continuing to surge after the Federal Reserve’s hawkish comments last Friday. 🔍📈 As of 9:10 AM, the composite index is reported at 1453.67 points, down 2.71 points or 0.19%.

Last Friday, Federal Reserve Chairman Powell, in his speech, mentioned that it is still too early to discuss interest rate cuts, while emphasizing the possibility of raising interest rates when necessary. 📈⬆️ In any case, the upward trend in US stocks, US bonds, and gold prices remains strong and unaffected. It’s worth noting that the gold price rose 1.75% last Friday to $2071.88 per ounce, reaching a new historic high. 🆙⬆️ Reviewing the morning trend of the Malaysian stock market, the composite index opened lower at 1454.97 points and continued to decline under selling pressure. Currently, there are 170 rising stocks, 171 falling stocks, and 263 stocks with no change. The trading volume is temporarily at 225.80 million shares, with a trading value of 109.6 million Ringgit.

Due to the significant rise in international gold prices 💹💲, several local gold stocks, such as Tomei Group (TOMEI, 7230, main board consumer stocks), Poh Kong Holdings (POHKONG, 5080, main board consumer stocks), Bahvest (BAHVEST, 0098, ACE Market), YX Precious Metals (YXPM, 0250, ACE Market), Nice Capital (NICE, 7139, main board consumer stocks), and TRADEPLUS Gold ETF (GOLDETF, 0828EA, main board exchange-traded fund stocks), have also seen increases. Among them, TRADEPLUS Gold ETF (GOLDETF, 0828EA, main board exchange-traded fund stocks) rose by 7.5 cents or 2.51% to 3.06 Ringgit, ranking 6th on the gainers’ list; Tomei Group rose by 5 cents or 4.10% to 1.27 Ringgit, ranking 8th on the gainers’ list. 📍8️⃣

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