Defensive mode likely on Bursa Malaysia next week | Malay Mail

For the week just ended, the key index FTSE Bursa Malaysia KLCI was traded for four days as Bursa Malaysia and its subsidiaries were closed on Thursday for the Maal Hijrah celebration. — Bernama pic

“We could see the markets likely to trade more defensively but well within current ranges due to a possibly stronger US dollar across the board I’m not expecting a bullish pivot higher. He said the only major economic data release next week will be July’s trade data, which is likely show a continuation of growth in exports.

Adding to the weak sentiment was US President Donald Trump’s move to call off last weekend’s trade discussions with China, raising question regarding the agreement that the two countries reached this year.On a Friday-to-Friday basis, FBM KLCI ended 12.53 points higher to 1,577.12 on Friday, compared with 1,564.59 the previous Friday.

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