Review: While trading volume remained high and the FBM KLCI edged higher, breadth in the broader market was largely negative during the course of the week with more losing counters than gainers. Institutional investors continued paring down their holdings while foreign investors mopped up.
On the forex market, the US dollar continued to weaken against global currencies. The expected unwinding of monetary stimulus in global economies, possibly in the EU, continued to put pressure on the greenback while fears of a US government shutdown over the Federal budget added to the slide.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
