BRUGES, Belgium (Reuters) - Club Brugge admitted being handed a harsh lesson in the Champions League on Wednesday after spurning early chances and then being overrun late at home by Borussia Dortmund.
KUALA LUMPUR: Brokerage firm Rakuten Trade Sdn Bhd anticipates that the FTSE Bursa Malaysia KLCI will rise to 1,780 by year-end, an increase from July’s estimate of 1,730.
"There has been an influx of foreign funds, usually targeting the top 10 companies within the FBM KLCI. The 1,780 level is certainly achievable as we move into the final quarter , which is the second-best performing after 1Q,” he said. He said rising foreign direct investment, pickup in construction projects, and corporate collaboration will be key to driving interest.
"Thus, a 10 per cent ‘claw-back’ of the foreign portion may generate approximately RM20-RM30 billion back into the local bourse,” he said. "Additionally, the Japanese yen’s carry trade debacle in August further spooked confidence, rendering retail participation low until now.He also said net outflows from the retail segment in Bursa Malaysia had been prominent, totalling RM4.7 billion.
Yee acknowledged that the YTD’s average daily volume of 4.6 billion has surpassed the 10-year average of approximately 3.8 billion units, but this has yet to influence the retail segment.
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