KUALA LUMPUR, Feb 11 — Bursa Malaysia is likely to trend sideways with slightly positive bias within the 1,470-1,490 range next week after a strong set of 2022 gross domestic...
KUALA LUMPUR, Feb 11 — Bursa Malaysia is likely to trend sideways with slightly positive bias within the 1,470-1,490 range next week after a strong set of 2022 gross domestic product data was released on Friday, a dealer said.
Globally, investors are also monitoring several US key economic data such as the inflation rate on Feb 14 as well as both retail sales and industrial production on February 15. “Regardless of next week’s US consumer price index print, unless it drops significantly below expectations, global markets will continue to price in recession risk, so external factors look unfavourable.
On the index board, the FBM Emas Index dropped 146.31 points to 10,740.04, the FBMT 100 Index fell 142.16 points to 10,405.73, the FBM Emas Shariah Index went down 165.86 point to 11,046.41, the FBM 70 Index dipped 315.01 points to 13,569.98 and the FBM ACE Index was 99.23 points lower at 5,744.00.
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