Bursa Malaysia set to stage technical rebound next week | Malay Mail

On a Friday-to-Friday basis, the benchmark FBM KLCI settled 11.64 points lower at 1,630.17, with Bursa Malaysia being mostly in the red throughout the week. — Picture by Azneal Ishak

“The latest US Federal Reserve hints about little need to change interest rates for all of 2019, will also help to lift interest,” he told Bernama.On Friday, the ringgit stood 4.1120/1170 against the US dollar amid lingering worries over the disappointing February Industrial Production Index data along with the International Monetary Fund's recent downgrade of its global growth forecast.

He said the ongoing US-China and US-European Union trade frictions would also be the main key risk factors alongside the uncertainty over Brexit after the deadline was extended to October 31, 2019. On a Friday-to-Friday basis, the benchmark FBM KLCI settled 11.64 points lower at 1,630.17, with Bursa Malaysia being mostly in the red throughout the week.

Sector-wise, the Financial Services Index fell 66.65 points to 16,822.07 and the Industrial Products and Services Index decreased 1.41 points to 168.13, but the Plantation Index gained 32.79 points to 7,269.34.

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Bursa Malaysia falls to 52-week low | Malay MailKUALA LUMPUR, April 11 — Bursa Malaysia fell to a 52-week low today with 25 of the benchmark index’s heavyweight stocks in the red and Tenaga being the main drag. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 15.23 points to 1,624.23 from 1,639.46 yesterday. The index, which opened... Malaysia baharu!! Brace for lower growth. Infrastructure expenditures cut. Hospitality industry to nose dive. Manufacturing industries lay offs. Taxes up. Public disposable income depleted. Less consumer spending. Unemployment rampant. Recession.
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