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aws试用账号(www.2km.me)_Bursa Malaysia to trade cautiously this week

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Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the firm expects bargain-hunting activity to continue.

PETALING JAYA: Bursa Malaysia is expected to trade cautiously this week, with the composite index set to remain choppy due to the ongoing assessment of the Omicron impact, a dealer says.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said from the technical indicators, the index appeared to be in the neutral region.

“As some of the traders are possibly away for their year-end leave, the index is expected to be in the range-bound trade of 1,560 to 1,570 points this week,” he told Bernama.

He also noted that the benchmark index was volatile on Friday, tracking the performance of global markets.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the firm expects bargain-hunting activity to continue.Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid (pic) said from the technical indicators, the index appeared to be in the neutral region.

“We anticipate the index to trend within the 1,565 to 1,575 range for this week. As for 2022, we are cautiously optimistic about the local equity market.

“We expect local institutional investors to return, given the cheap valuations on the local market,” he said.

On a Friday-to-Friday basis, the FBM KLCI soared 51.08 points to close at 1,567.53 for the week ended Dec 31, 2021, from 1,516.45 previously.

On the index board, the FBM Emas Index surged 313.8 points to 11,308.79; the FBMT100 Index soared 313.42 points to 11,015.13; the FBM Emas Shariah Index advanced 460.24 points to 12,263.10; the FBM ACE rose 179.48 points to 6,419.60; and the FBM 70 added 206.54 points to 14,209.95.

Weekly turnover slipped to 11.53 billion units valued at RM8.21bil against 11.92 billion units valued at RM7.28bil in the previous week. The Main Market volume fell to 6.52 billion shares worth RM7.18bil from 6.99 billion shares worth RM6.28bil.


转载说明:本文转载自Sunbet。

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