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Bursa investors take to the sidelines in lead up to Budget 2024

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KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is expected to be mildly negatively impacted on fewer passengers and potential provision for doubtful debts following the suspension of MYAirline Sdn Bhd's (MYAirline) operations, said Maybank Investment Bank (Maybank IB).

KUALA LUMPUR: With Budget 2024 to be tabled later in the afternoon, investors could be cashing out of recent gains as they stay to the sidelines in anticipation of new developments.

"The rally in lower liners may also come to a halt, taking cue from the weakness on Wall Street overnight," said the research firm. At the start of trading, the benchmark FBM KCLI was down 0.45 points to 1,443.37, suggesting a mild pullback and the start of cautious trading.

 

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PM Anwar to table Malaysia Madani 2024 Budget this afternoonKUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is expected to be mildly negatively impacted on fewer passengers and potential provision for doubtful debts following the suspension of MYAirline Sdn Bhd's (MYAirline) operations, said Maybank Investment Bank (Maybank IB).
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