Bursa Malaysia’s earnings forecast cut on lower trade volume

An analyst told Bernama that the macro factors expected to affect the FTSE Bursa Malaysia KLCI next week, includes the Group of Seven(G7) meeting as investors search for clues on the trade outlook, as well as the timing of the next interest rate hike by the US Federal Reserve (Fed) which meets on June 12.

PETALING JAYA: RHB Research has cut its forecast on Bursa Malaysia Bhd’s earnings for this year due to lower trading volume expectation.

The research house had also cut its net profit forecast for Bursa FY20 and FY21 by 8% for the same reason.