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Hermana Capital Bhd Chief Executive Officer and Chief Investment According to Datuk agent Nazri Khan's Adam Khan, the Bursa Malaysia barometer index, which has risen by more than 100 points over the last three weeks, is expected to to know some correction in case of overbought
. The trade war as well as the continuation of sales abroad, although dissipating particularly in the actions of public services, seemed weak.
"We therefore expect that local actions will consolidate and will be held next week," he told Bernama. ] However, he noted that the second half of the year is traditionally the time when the local market would see the influx of foreign capital higher.
Rakuten Commercial Research Director Kenny Yee said the recent uptrend The local stock market was dominated by local buyers.
The market should remain sluggish, as investors should now look at corporate earnings in the United States and Malaysia to determine market direction, he said. "So we expect that the KLCI FBM will evolve between 1750 and 1770 next week," he added.
For Just Week Bursa Malaysia ended up on five consecutive days to follow its regional peers while Wall Street's inspiring while the market was digesting a string of profits and developments in the trade war between the United States, China and the United States. from Friday to Friday, the FTSE Bursa Malaysia KLCI benchmark was 14.47 points firmer at 1,769.14 vs. 1,754.67.
The FBM Emas index rose 137.97 points to 12,558.28 and the FBMT100 index of 127.98 points to 12,337.06.
The FBM 70 surged 261.57 The FBM Emas Shariah Index recorded a performance of 55.87 points to settle at 12,691.33 and the FBM Ace climbed 55.87 points to reach 5,459.14
On a sectoral basis, the finance index rose 126.90 points to 17,453.25 points. the industrial index rose 70.75 points to 3,284.91.
The weekly business figure has expanded to 15.59 billion units valued at 12.33 billion RM, compared with 13.39 billion units valued at 11, RM 86 billion.
The warrants business turnover decreased to 2.90 billion units worth RM 871.01 million, compared with 3.00 billion units valued at RM 873 million.
The ACE market volume decreased to RM 10.77 billion. reached 2.33 billion shares worth RM 691.01 million, against 2.15 billion shares valued at RM651.19 million. – Bernama
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