Struggle ahead seen for KL market this week

  • Business Premium
  • Monday, 05 Jul 2010

PETALING JAYA: The local benchmark index will struggle to stay above the 1,300-point psychological support level this week, as jittery investors fret over faltering global economic growth.

A weak June US jobs data, a slowdown in manufacturing growth in China for the same month, as well as Malaysia’s own slowing export figures in May provided fresh evidence last Friday that the economic recovery is losing steam.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

UMediC gets Bursa Malaysia Securities, SC nods for Ace Market listing Premium
Tengku Zafrul: Subsidies may touch RM71bil in 2022, inflation contained Premium
Pecca 3Q net profit flat at RM8.09mil Premium
WZ Satu posts higher earnings in 1Q Premium
Samaiden reports almost 4-fold profit jump in 3Q Premium
Hong Seng posts improved net profit, revenue in 2Q Premium
Genting Malaysia revenue rises to RM1.7bil Premium
DRB-Hicom 1Q net loss widens toRM25.74mil Premium
PetDag 1Q net profit dips 38% to RM118mil Premium
Sunway's net profit surges to RM140.11mil in 1Q amid strong performance across all segments Premium

Others Also Read