Bursa Malaysia likely to trade at 1,550-1,617 next week with glove stocks to watch out for | Malay Mail

Saturday, 01 Aug 2020 10:30 AM MYT

Hence, Malacca Securities Sdn Bhd head of research Loui Low expected bargain-hunting activities to emerge next week. “For now, we believe that any uncertainty will cause some drags in the KLCI, but overall, we should see some bargain-hunting activities throughout next week,” he told Bernama. Meanwhile, Sabah Chief Minister Datuk Seri Mohd Shafie Apdal has announced the dissolution of the Sabah State Assembly to pave the way for a state election, which has to be held within 60 days.

On the scoreboard, the FBM Emas Index leapt 141.75 points to 11,413.93, the FBMT 100 Index garnered 140.02 points to 11,254.07, and the FBM Emas Shariah Index surged 341.48 points to 13,439.53. Weekly turnover rose to 45.91 billion units worth RM26.58 billion compared with 45.32 billion units worth RM28.93 billion in the previous week.

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Bursa Malaysia in the red mid-morning as investors flee banking stocks | Malay MailKUALA LUMPUR, July 30 — Bursa Malaysia stayed in the red at mid-morning, as investors fled finance index-linked counters following Prime Minister Tan Sri Muhyiddin Yassin’s announcement on the targeted moratorium extension yesterday. At 11.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)...
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