Bursa Malaysia is expected to consolidate further this week with the FBM KLCI likely to move sideway between 1,863 and 1,889 with a downward bias, according Kenanga Research - AFP Photo.
KUALA LUMPUR: Faced with a lack of fresh local catalyst and growing geopolitical tension in the Middle East and Ukraine, Bursa Malaysia is expected to consolidate further this week with the FBM KLCI likely to move sideway between 1,863 and 1,889 with a downward bias, according Kenanga Research.
It said the local stock market was now entering August, which in years past had usually proven to be a tough month for the equity market. The third quarter is expected to be a weak, if not the weakest, quarter of the year.
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