Bursa Malaysia Likely To Rebound Next Week
KUALA LUMPUR, Bursa Malaysia is expected to stage a rebound next week, driven by spillover effects from the robust rallies in both China and the United States (US) markets. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said continuous foreign fund inflows, fueled by expectations of further rate cuts, combined with a strengthening ringgit, could bolster support for the FTSE Bursa Malaysia KLCI (FBM KLCI). “However, it is critical to recognise that market sentiment remains susceptible to external shocks and domestic developments. “Therefore, we anticipate the benchmark index to trade within the 1,660 to 1,680 range