KUALA LUMPUR, May 30 — Bursa Malaysia is expected to continue trading in a cautious mode next week as market sentiment will be largely influenced by external factors, especially the ongoing United States-China tensions. A dealer said the outcome from US President Donald Trump’s news conference...
A dealer said the outcome from US President Donald Trump’s news conference on China on Friday, would be the major catalysts for global equity markets next week as it would determine the outlook for the global economic recovery. — Picture by Razak Ghazali
AxiCorp global chief market strategist Stephen Innes said the fall out or fall ins from Trump’s Hong Kong reactions and whether oil prices will continue to rise would be the market focus next week. “With another rate cut perhaps on the cards, sentiment could receive a further boost if Covid-19 case counts remain flat around the world with the reopening of economies.
On the scoreboard, the FBM Emas Index rose 286.73 points to 10,463.85, the FBMT 100 Index expanded 287.89 points to 10,313.21 and the FBM Emas Shariah Index soared 404.88 points to 12,025.22. For the week just-ended, weekly turnover shrank to 23.18 billion units worth RM19.53 billion from 41.29 billion units worth RM21.53 billion in the previous week.
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