KUALA LUMPUR, Oct 14 — Bursa Malaysia is expected to rebound amid bargain-hunting activities next week driven by improved risk appetite in the market post-Budget...
For the week just ended, the FBM KLCI traded mostly higher due to tensions in the Middle East and improved regional markets’ performance. ― Bernama picKUALA LUMPUR, Oct 14 — Bursa Malaysia is expected to rebound amid bargain-hunting activities next week driven by improved risk appetite in the market post-Budget 2024.
Additionally, he said the rebound also saw the FBM KLCI climb back above the critical 200-day moving average, an indication that the uptrend would resume. For the week just ended, the FBM KLCI traded mostly higher due to tensions in the Middle East and improved regional markets’ performance. Sector-wise, the Plantation Index perked 25.53 points to 6,862.73, the Financial Services Index surged 394.59 points to 16,264.18, the Energy Index rose 27.42 points to 877.36 and the Industrial Products Services Index edged up 3.62 points to 174.44.
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