Bursa to remain subdued amid cautious sentiment

Bursa to remain subdued amid cautious sentiment FMTNews FMTBusiness

KUALA LUMPUR: Trading on Bursa Malaysia is projected to remain subdued as market sentiment remains cautious amid prevailing political scenarios, said an analyst.

Thong also recommends investors to look at banking stocks following a spate of solid results for the first quarter of 2023 and the financial index currently trading at a six-month low. Bursa opened lower today as cautious investors await inflation data in the US and the Federal Reserve’s policy meeting on interest rates next week.

Of the actives, Classita inched up 0.5 sen to 13.5 sen, Revenue Group grew by 2 sen to 31 sen and Meta Bright trimmed 0.5 sen to 17 sen, while Leform was flat at 22 sen.

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