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

  • 📰 staronline
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

As global market uncertainty remains on investors' radar.

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.

In that sense, Afzanizam noted that institutional investors are most likely to increase their cash holdings given the volatile market condition.On a weekly basis, the FBM KLCI slipped 37.21 points to end the week at 1,456.74 from 1,493.95 in the previous week. The Financial Services Index shed 114.29 points to 16,305.84, the Healthcare Index slid 141.43 points to 1,669.81, and the Technology Index inched down 4.76 points to 63.00.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines