Bursa Malaysia is expected to remain steady this week, with the FBM KLCI projected to hover within the 1,720 to 1,735 range amid continued foreign fund inflows and improving investor sentiment. The positive outlook follows the International Monetary Fund’s recent confidence in Malaysia’s economic prospects.
Foreign Inflows
On Wall Street, markets ended mixed as the S&P 500 touched a fresh record high, lifted by strong gains in Apple after its better-than-expected second-quarter earnings. However, elevated crude oil prices and uncertainty surrounding US-Iran negotiations continued to weigh on sentiment. Meanwhile, Hong Kong equities weakened on concerns over prolonged US inflationary pressures and delayed monetary easing.
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