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澳5彩票开户:Bursa Malaysia likely to trend higher this week

admin 社会 2022-12-20 19:01:59 5 0

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An investor monitors share market prices in Kuala Lumpur. FAIHAN GHANI/The Star.

PETALING JAYA: Bursa Malaysia is likely to trend higher this week, with the key index to hover in the 1,470 to 1,500-point range, says an analyst.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said buying sentiment in the local bourse would likely continue this week, as buying support from local institutions had been apparent in the week just ended, coupled with improving retail participation within the domestic market.

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“(The local market) trended sideways for the week due to a lack of buying interests and selling of regional equities by foreign funds,” he told Bernama.

SPI Asset Management managing partner Stephen Innes said this week was all about the US Consumer Price Index and what the Federal Reserve’s signals for interest rates going forward after the hike of 50 basis points.

On a Friday-to-Friday basis, the key index eased 4.61 points to 1,477.19 from 1,481.80.


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