KUALA LUMPUR, Aug 21 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to trade within a tight range of between 1,510 points and 1,530 points next week amid reduced volatility in the market following the announcement of the new Prime Minister, said an analyst. Bank Islam Malaysia Bhd...
KUALA LUMPUR, Aug 21 — The benchmark FTSE Bursa Malaysia KLCI is likely to trade within a tight range of between 1,510 points and 1,530 points next week amid reduced volatility in the market following the announcement of the new Prime Minister, said an analyst.
Adam said in terms of domestic data released, Malaysia’s inflation rate for July will be released next Wednesday and the inflation rate is expected to be softer as the low base effect from last year subsides. For the week just-ended, Bursa Malaysia was traded on a cautious note amid the political developments and high Covid-19 cases.
On the index board, the FBM Emas Index was 92.94 points higher at 11,107.96, the FBMT 100 Index gained 88.91 points to 10,820.64, and the FBM Emas Shariah Index strengthened 126.30 points to 12,217.51.Sector-wise, the Plantation Index surged 202.97 points to 6,416.38, the Financial Services Index climbed 61.77 points to 14,842.47, and the Industrial Products and Services Index edged down 0.76 of-a-point to 188.26.
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