KUALA LUMPUR, Jan 18 — The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to extend its upward momentum in the coming week, building on Friday’s rebound following four days of...
On a Friday-to-Friday basis, the FBM KLCI declined 35.69 points to 1,566.72 from 1,602.41 a week earlier. — Picture by Yusof Mat Isaas a first-time user . Exclusively for Malay Mail readers: Use codeKUALA LUMPUR, Jan 18 — The FTSE Bursa Malaysia KLCI is expected to extend its upward momentum in the coming week, building on Friday’s rebound following four days of sell-off, said an analyst.
“The United States earnings season is also expected to serve as a key catalyst for investor sentiment,” he told Bernama. This highlights the resilience of Malaysia’s economy amid a challenging global economic environment, Mohd Sedek said. “Furthermore, retail sales in China showed encouraging signs of recovery, rising from 3.0 per cent y-o-y growth in November 2024 to 3.7 per cent in December, which strengthens regional demand and boosts prospects for Malaysian exports,” he added.
The FBM Emas Index dropped 293.94 points to 12,008.23, the FBMT 100 Index fell 287.89 points to 11,695.97, and the FBM Emas Shariah Index lost 385.08 points to 11,865.66.
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