Bursa Malaysia continues slide ahead of FOMC decision tonight
KUALA LUMPUR, March 20 — Bursa Malaysia continued its downtrend to close lower for the second consecutive day as the markets anxiously awaited the United States (US) Federal Open Market Committee (FOMC) decision later tonight. The FTSE Bursa Malaysia KLCI (FBM KLCI) also remained in consolidation mode due to a correction following the recent prolonged […]
Bursa Malaysia likely to trend higher in first week of 2024
KUALA LUMPUR, Dec 30 ― Bursa Malaysia is likely to trend higher in the first week of 2024 with a mild upside, to be driven by banking and technology stocks. Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Nazri Khan expects the local market to trend between 1,450 and 1,460 next week with […]
Bursa Malaysia expected to climb to 1,480 level next week
KUALA LUMPUR, Nov 18 ― Bursa Malaysia’s barometer index is set to test the 1,480 level next week riding on bullish year-end seasonalities and global equities strength. Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Nazri Khan said the expectation of a pause in the interest rate hike due to the cooling US […]
Bursa likely to trend higher next week
KUALA LUMPUR, Nov 11 — The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trend higher towards the 1,460 level next week, driven by Wall Street’s record best week in a year after US jobs growth slows. Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said although the key […]
Bursa Malaysia expected to rise to 1,460 next week, says economist
KUALA LUMPUR, Nov 4 ― The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to move in an uptrend next week as regional markets rally on bets of peak US interest rates and strong earnings. Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said the positivity should also permeate to […]
Bursa Malaysia to consolidate sideways next week, says economist
KUALA LUMPUR, Oct 21 ― The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to consolidate sideways next week due to the weakening of the ringgit along with the Middle East tension and pressure from the global bond market rout. Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said the […]
Bursa Malaysia set to rebound next week on bargain hunting
KUALA LUMPUR, Oct 14 — Bursa Malaysia is expected to rebound amid bargain-hunting activities next week driven by improved risk appetite in the market post-Budget 2024. Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said he is expecting FBM KLCI to do an oversold rebound and remain on the ascend, […]
Bursa Malaysia set to rebound next week on bargain hunting
KUALA LUMPUR, Oct 14 — Bursa Malaysia is expected to rebound amid bargain-hunting activities next week driven by improved risk appetite in the market post-Budget 2024. Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said he is expecting FBM KLCI to do an oversold rebound and remain on the ascend, […]
Bursa Malaysia set to continue downtrend next week on weaker sentiment, says economist
KUALA LUMPUR, Oct 7 ― Bursa Malaysia is likely to trend lower next week amid rising interest rates, higher oil prices and the stronger US dollar. Inter-pacific Asset Management Bhd chief economist and fund manager Datuk Nazri Khan said the US Treasury bond rout has bolstered the view that the US Federal Reserve (Fed) would […]
