KUALA LUMPUR, Oct 23 — Bursa Malaysia’s outlook is expected to remain positive next week due to attractive valuations and continuous strong foreign inflow, despite some profit-taking seen in the week just ended. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said...
KUALA LUMPUR, Oct 23 — Bursa Malaysia’s outlook is expected to remain positive next week due to attractive valuations and continuous strong foreign inflow, despite some profit-taking seen in the week just ended.
Meanwhile, Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the outlook for Malaysian equities looked positive as the reopening of the economy is expected to gain momentum, thanks to the uplifting of the inter-state travel ban. Bursa Malaysia and its subsidiaries were closed on Tuesday in conjunction with the Maulidur Rasul holiday.
During the holiday-shortened trading week, weekly turnover decreased to 15.83 billion units worth RM11.68 billion compared with 25.71 billion units valued at RM16.61 billion in the previous week.
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