Bursa Malaysia to trade in cautious mode next week over global market uncertainty

KUALA LUMPUR, June 18 — Bursa Malaysia is expected to trade cautiously with a downside bias in the upcoming week as global market uncertainty remains on investors’ radar, a dealer said.Bank Islam chief economist Mohd Afzanizam Abdul Rashid said the FTSE Bursa Malaysia KLCI is expected to linger around 1,450 next week and would continue to remain lacklustre as uncertainties over global economic prospects have heightened.

On the index board, the FBMT100 Index declined 292.34 points to 10,137.01, the FBM Emas Shariah Index dipped 470.75 points to 10,526.49, the FBM Emas Index decreased 335.78 points to 10,397.87, the FBM ACE slipped 300.38 points to 4,833.98, and the FBM 70 weakened 499.17 points to 12,614.41.Sector-wise, the Plantation Index lost 378.42 points to 7,218.23, the Industrial Products and Services Index went down 7.02 points to 186.31 and the Energy Index narrowed by 63.78 points to 719.89.

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