Foreign net fund outflow slowed to RM472.2m this week
Externally, the market would be watching out for development from the US Federal Open Market Committee meeting on March 20 for its monetary policy stance. — AFP pic
Mohd Afzanizam also said technical indicators suggested that the FBM KLCI was already in an oversold position and a technical rebound was possible."Events to watch out for is perhaps the two-day 'Invest Malaysia’ conference, beginning March 19, which most investors would keenly monitor for policy announcements that could excite the market.
He said any progress made on US and China trade negotiations would raise the optimism that a significant result was on the cards. Among corporate developments that made the headlines this week was the fate of troubled national carrier, Malaysia Airlines Bhd. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali had also instructed both Khazanah and Malaysia Airlines to re-look at the agreement to acquire 37 MAX aircraft after two air crashes involving the same aircraft which killed 346 people in the spate of five months.
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