For the week just ended, the local bourse was mostly lower with continued selling in plantation, healthcare as well as consumer products and services counters. ― Picture by Hari AnggaraKUALA LUMPUR, May 1 — Bursa Malaysia is expected to continue cautious trading next week as investors may remain on the sidelines ahead of Bank Negara Malaysia’s policy meeting on Thursday.
Apart from that, he said next week will see the release of manufacturing Purchasing Managers’ Index data for countries like the United States, Canada, France, Germany, India, Taiwan, Australia, Indonesia and Malaysia. “Based on data from Our World In Data, the daily dose of Covid-19 vaccine administered per 100 people is lower than its peers such as Thailand and Indonesia,” he added.
Despite the US recording a 6.4 per cent gross domestic produc growth first quarter 2021 which pushed the S&P500 index to an all time high on Thursday, he said sentiment remained weak following China’s official gauge of factory activity which fell more-than-expected in April albeit remaining in expansion territory, as both production and new orders retreated.
On the index board, FBM Emas was 42.17 points easier at 11,798.29, the FBMT 100 decreased 41.90 points to 11,450.16, and FBM 70 fell 31.76 points to 15,576.14. The Healthcare Index surged 32.58 points to 3,313.40, the Energy Index eased 3.48 points to 897.13 and the Technology Index erased 1.76 points to 85.76
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »