KUALA LUMPUR: Bursa Malaysia can probably continue its downtrend next week on gloomy capitalist sentiment, moreover as profit-taking prior the Hari Raya vacation, aforesaid analysts.
An analyst told Bernama that the macro factors expected to have an effect on the FTSE Bursa Malaysia KLCI next week, includes the cluster of Seven(G7) meeting as investors explore for clues on the trade outlook, moreover because the temporal arrangement of successive rate hike by the United States of America Fed (Fed) that meets on June twelve.(Bursa Malaysia Stock Market)
"Investors believe any move can have a result impact on rising markets like Malaysia and sure flip interest off from the equity market.
"Due to the volatile market sentiment, the native benchmark index is probably going to trade sideways in testing the one,730 and 1,740 support levels over the successive weekly session,” he said.
“The current downtrend in oil costs isn't solely because of growing provide, however conjointly a sign by Kingdom of Saudi Arabia and different massive producers to extend output,” she told Bernama.
On a Friday-to-Friday basis, the benchmark FTSE Bursa Malaysia KLCI was twenty-one.94 points higher at one,778.32 from 1,756.38.
The FBM Emas Index exaggerated 237.17 points to twelve,473.07, the FBMT100 Index rose 216.60 points to twelve,270.56, the FBM seventy gained 486.20 points to fourteen,928.36 and therefore the FBM Emas shariah lawIndex improved 245.39 points to twelve,465.60.
The FBM Ace advanced 245.85 points to five,295.40.
On a sectoral basis, the Finance Index rose 260.87 points to seventeen,877.90 and therefore the Industrial Index went up thirty seven.36 points to three,202.18. But, the Plantation Index fell thirty-nine.29 points to seven,660.97.
Weekly turnover widened to sixteen.16 billion units price RM14.38 billion from thirteen.32 billion units price RM18.79 billion.
Main market volume exaggerated to ten.38 billion shares price RM12.86 billion from nine.08 billion shares priceRM18.13 billion.
Warrants turnover improved to three.33 billion units valued at RM790.33 million versus a pair of.85 billion units valued at RM464.73 million.
The ACE market volume improved to a pair of.45 billion shares price RM537.69 million from one.38 billion shares priceRM200.66 million. - Bernama
source
An analyst told Bernama that the macro factors expected to have an effect on the FTSE Bursa Malaysia KLCI next week, includes the cluster of Seven(G7) meeting as investors explore for clues on the trade outlook, moreover because the temporal arrangement of successive rate hike by the United States of America Fed (Fed) that meets on June twelve.(Bursa Malaysia Stock Market)
"Investors believe any move can have a result impact on rising markets like Malaysia and sure flip interest off from the equity market.
"Due to the volatile market sentiment, the native benchmark index is probably going to trade sideways in testing the one,730 and 1,740 support levels over the successive weekly session,” he said.
“The current downtrend in oil costs isn't solely because of growing provide, however conjointly a sign by Kingdom of Saudi Arabia and different massive producers to extend output,” she told Bernama.
On a Friday-to-Friday basis, the benchmark FTSE Bursa Malaysia KLCI was twenty-one.94 points higher at one,778.32 from 1,756.38.
The FBM Emas Index exaggerated 237.17 points to twelve,473.07, the FBMT100 Index rose 216.60 points to twelve,270.56, the FBM seventy gained 486.20 points to fourteen,928.36 and therefore the FBM Emas shariah lawIndex improved 245.39 points to twelve,465.60.
The FBM Ace advanced 245.85 points to five,295.40.
On a sectoral basis, the Finance Index rose 260.87 points to seventeen,877.90 and therefore the Industrial Index went up thirty seven.36 points to three,202.18. But, the Plantation Index fell thirty-nine.29 points to seven,660.97.
Weekly turnover widened to sixteen.16 billion units price RM14.38 billion from thirteen.32 billion units price RM18.79 billion.
Main market volume exaggerated to ten.38 billion shares price RM12.86 billion from nine.08 billion shares priceRM18.13 billion.
Warrants turnover improved to three.33 billion units valued at RM790.33 million versus a pair of.85 billion units valued at RM464.73 million.
The ACE market volume improved to a pair of.45 billion shares price RM537.69 million from one.38 billion shares priceRM200.66 million. - Bernama
source
No comments:
Post a Comment