Positive news flow to lift up Bursa Malaysia from Monday (Aug 29) onwards

KUALA LUMPUR, Aug 28 (Bernama): Positive news flow, such as a less hawkish stance by the US Federal Reserve, Chinese stimulus and a potential pre-Budget 2023 Bursa Malaysia rally are expected to boost the local bourse from Monday (Aug 29).

Inter-Pacific Asset Management Sdn Bhd executive director and fund manager Datuk Nazri Khan Adam Khan said the local bourse is expected to see vibrant trading given the external factors and pre-budget rally as well as Malaysia’s improved economic growth of 8.9 per cent in the second quarter of 2022 which would entice foreign investors to go for risky-assets.