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KUALA LUMPUR : Bursa Malaysia is expected to trend modestly higher this week, driven by bargain-hunting and optimism surrounding domestic developments.
"These robust fundamentals provide stability and attract sustained investment, even amidst external challenges,” he said. He added that the unexpected strength in employment reduces the probability of two rate cuts in 2025, as previously anticipated. "We view this agreement as a structural positive for Malaysia, supporting the ongoing investment upcycle and bolstering long-term market sentiment,” he said.
The FBM 70 Index tumbled 399.79 points to 18,467.54, while the FBM ACE Index fell 119.09 points to 5,353.47. Turnover widened to 16.98 billion units worth RM14.37 billion from 11.30 billion units worth RM8.98 billion the previous week.
FBM KLCI UOB Kay Hian Wealth Advisors Mohd Sedek Jantan
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