The FBM KLCI closed below the 1,640 mark as selling from foreign funds gathered momentum. Regionally, sentiment has turned extremely cautious amid the escalating tensions in the middle east.
“Judging by the recent unloading of riskier assets, we believe investors may have switched to “Cash is King” mode.
“Nonetheless, we expect some bargain hunting activities to emerge and anticipate the index to hover within the 1,635-1,645 range today,” says Rakuten.
Read more Business News
Climate UX launched Green Together to help companies engage employees, strengthen ESG goals and deliver…
Alibaba Cloud’s KaryaWAN challenge aims to boost Malaysia’s AI innovation ecosystem through talent development, creativity…
Malaysia's job market faces a "talent paradox," with employers struggling to find suitable candidates despite…
Young Malaysians are embracing cold coffee culture, prompting NESCAFÉ to launch Espresso Concentrate for convenience…
The only Malaysian company within the Health Care Equipment & Supplies sector to be included,…
Regional foreign funds turned cautious despite April inflows, while higher oil prices and currency movements…
This website uses cookies.