KUALA LUMPUR, Oct 30 — Bursa Malaysia’s key index is likely to test the 1,570-level next week amid cautious sentiment in the broader market, said an analyst. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that the immediate resistance was unchanged at 1,600...
KUALA LUMPUR, Oct 30 — Bursa Malaysia’s key index is likely to test the 1,570-level next week amid cautious sentiment in the broader market, said an analyst.
Throughout the week, the local bourse had been on market consolidation mode awaiting the tabling of Budget 2022 by Finance Minister Tengku Datuk Seri Zafrul Aziz on Friday. On a Friday-to-Friday basis, the benchmark index fell 25.77 points to end the week at 1,562.31 from 1,588.08 previously. Weekly turnover increased to 18.8 billion units worth RM12.42 billion from 15.83 billion units worth RM11.68 billion in the previous week.
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