Yoshihiko Noda, leader of the main opposition CDPJ, speaks at a campaign for the upcoming general election, in Yokohama October 24, 2024. Geopolitical uncertainties, particularly Japan’s general election and the US presidential election, are expected to weigh on market sentiments next week. — Reuters picKUALA LUMPUR, Oct 26 — Bursa Malaysia is expected to trade within a narrow range on cautious mode amid geopolitical uncertainties, said an analyst.
“Given current regional and global uncertainties, we anticipate the FTSE Bursa Malaysia KLCI to trade within the 1640-1645 range in the coming week,” he told Bernama. Additionally, a shift in central banks’ policy tones globally could benefit Malaysia’s technology and small-cap sectors. Meanwhile, the local bourse traded lower during the week just ended, tracking Wall Street and regional market performances.
By sector, the Financial Services Index declined 206.53 points to 19,262.03, the Energy Index was 8.0 points lower at 846.53, and the Industrial Products and Services Index edged down 0.70 of-a-point to 175.72, but the Plantation Index rose 26.05 points to 7,299.58.
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