Market outlook remains optimistic
The FBM KLCI surged to almost the 1,680 mark, a level last seen in Jan 2019.
“We were indeed surprised by the strong rebound principally due to accumulation by foreign funds after a minor correction a day before.
“We believe the uptrend to continue and expect the index to hover within the 1,680-1,690 range today with the crucial 1,700 as the ultimate immediate target,” says Rakuten.
Recent earnings released suggest that corporate Malaysia is in solid shape particularly the Banks and expect the blue chips to remain as the bastion for the local bourse.
“Next, we hope that daily volume traded will improve to the 6bn shares mark as the small caps are in need of additional injection of liquidity.”
Read more Business News
Shopee expanded its Rai Lokal Jelajah Komuniti programme to Johor, equipping local entrepreneurs with digital…
Vertiv introduced the first converged physical infrastructure digital twin for NVIDIA Omniverse DSX, enabling faster…
API (Application Programming Interface) integration allows different software systems to connect and exchange information automatically.…
KiN Hotel Group enters Malaysia through the takeover of Hotel Maya Kuala Lumpur, bringing its…
Generali has launched Redion, unifying Europ Assistance and GEB under one global Care platform to…
Manulife IM Malaysia introduces the Singapore Equity Fund, offering investors access to income and growth…
This website uses cookies.