KUALA LUMPUR, March 11 — Bursa Malaysia is likely to see cautious trading next week with investors’ attention focused on US inflation data scheduled for March 14.
“Bursa Malaysia’s direction will depend on the upcoming US macro data of the consumer price index and non-farm payrolls which will determine whether the Fed will stick to its previous 25 basis points hiking pace in the next Federal Open Market Committee meeting scheduled on March 21-22,” he told Bernama.
On the index board, the FBM Emas Index fell 138.42 points to 10,450.01, the FBMT 100 Index slid 138.27 points to 10,131.49 and the FBM Emas Shariah Index went down 141.07 points to 10,672.97. Sector-wise, the Financial Services Index trimmed 198.75 points to 15,964.98, the Plantation Index dumped 68.23 points to 6,762.77 and the Energy Index slid 14.48 points to 857.25.Weekly turnover declined to 14,02 billion units worth RM9.72 billion against 16.79 billion units worth RM10.89 billion last Friday.