KUALA LUMPUR, Sept 13 — Bursa Malaysia’s barometer index unexpectedly made a positive ending with slight gains despite cautious trading throughout the day. Investors,...
KUALA LUMPUR, Sept 13 — Bursa Malaysia’s barometer index unexpectedly made a positive ending with slight gains despite cautious trading throughout the day.
Turnover was lower at 2.51 billion units worth RM1.88 billion against yesterday’s 2.88 billion units worth RM1.99 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said most investors continued to exhibit a wait-and-see attitude ahead of the US consumer price index data tonight.“The local market remains cautious for the short term, due to fears of a US rate hike, while needing some catalysts to move upwards.
“Hence, we expect the FBM KLCI to remain in consolidation mode for the time being unless there are new catalysts to drive a change,” he told Bernama.
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