KUALA LUMPUR: Bursa Malaysia will likely move on a downward trend next week, easing to 1,400 points from the current 1,420 points, as most stocks are ...
: Bursa Malaysia will likely move on a downward trend next week, easing to 1,400 points from the current 1,420 points, as most stocks are struggling to find their next direction.
However, Nazri said the upcoming Budget 2024 would help cushion market weakness and the key index could maintain its position at 1,400 with the expectation that the government spend more on the cost of living, small and medium enterprises and digital technology. On the index board, the FBM Emas Index slumped by 164.63 points to 10,582.27, the FBMT 100 Index was 163.92 points weaker at 10,244.27, the FBM Emas Shariah Index slid 133.31 points to 10,874.52 and the FBM 70 Index plunged by 123.81 points to 14,193.27.Sector-wise, the Plantation Index slumped 46.87 points to 6,880.35, the Financial Services Index plummeted by 302.46 points to 15,918.17, the Energy Index reduced by 13.18 points to 893.74 and the Industrial Products Services Index edged down 3.
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