KUALA LUMPUR, Feb 25 — Bursa Malaysia is likely to see cautious trading next week with the benchmark index moving within a tight band of between 1,450 and 1,470 amid weak external factors, said an analyst.
Innes noted that a lot of focus were on the US Personal Consumption Expenditure inflation reading released late Friday. Given the uncertainty on several fronts, Innes said investors would be reluctant to add risk and expected the FTSE Bursa Malaysia KLCI test the 1,450-level again. On Friday, the Department of Statistics Malaysia released the Consumer Price Index number. Malaysia’s overall price growth moderated to a seven-month low with headline inflation rate descended to 3.7 per cent year-on-year, the lowest since July 2022 and in line with market estimates.On the index board, the FBM Emas Index fell 115.72 points to 10,626.44, the FBMT 100 Index slid 112.42 points to 10,297.82, and the FBM Emas Shariah Index went down 171.89 point to 10,930.59.
Weekly turnover declined to 16.79 billion units worth RM10.89 billion against 18.22 billion units worth RM10.88 billion on Friday last week.
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 »