Investors are expected to be keeping a close tab on the upcoming flurry of corporate earnings announcements across Bursa Malaysia.
KUALA LUMPUR, May 14 : The FTSE Bursa Malaysia KLCI is expected to consolidate and trade with a downside bias this week in the absence of fresh catalysts.
"We reckon that tourism-related stocks may benefit from the reopening of China borders, while the oil and gas-related industry may capitalise on the higher capital expenditure allocation by Petronas. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said, on the domestic front, despite the cautious market undertone in the region, he expected bargain hunting to prevail given the cheap valuations of local stocks, persistent support from local institutions and return of foreign funds.
The FBM 70 Index added 6.63 points to 13,488.16 while the FBM ACE Index dipped 228.52 points to 4,984.48.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mah Sing, Alliance Bank join Bursa Malaysia's sustainability platformKUALA LUMPUR: Bursa Malaysia Bhd (Bursa) has signed a memorandum of collaboration (MoC) with Mah Sing Group Bhd and Alliance Bank Malaysia Bhd to bring them on board as early adopters of its Centralised Sustainability Intelligence (CSI) platform.
Read more »
Mercedes-Benz Malaysia to implement agency model - direct sales to consumer, 'dealer' earns commission - paultan.orgHap Seng’s announcement to Bursa Malaysia Mercedes-Benz Malaysia has started working on implementing an agency model for Mercedes-Benz dealerships in Malaysia, as evident from Hap Seng Consolidated Berhad’s announcement to Bursa Malaysia that it has …
Read more »
Durian Malaysia tak terjejas walau China tanam sendiri, kata Mardi | The Malaysian InsightEksport durian Malaysia dijangka bertahan untuk tempoh sekurang-kurangnya 10 tahun akan datang.
Read more »
Asus ROG Phone 7 series Malaysia: Everything you need to know - SoyaCincauThe ROG Phone 7 series is now available in Malaysia. Starting at RM3,599, it packs a Snapdragon 8 Gen 2, a 6.78-inch display with a 165Hz refresh rate and a 6,000mAh battery too.
Read more »
Mastering AI at Monash University MalaysiaAS technology continues to advance at an unprecedented rate, there’s no doubt that artificial intelligence (AI) has become a game-changer for virtually every industry.
Read more »