Bursa Malaysia, meanwhile, tracked the global sell-off as sentiment for equities soured, with losses on index-linked counters pushing the market barometer FBM KLCI to close lower by 17.51 points, or 1.05% at 1649.15. On the bright side, the latest LI figures indicate that Malaysia
KUALA LUMPUR: The FBM KLCI may only see limited gains although the bias remains on the upside for the benchmark index, says HSBC Private Banking’s chief market strategist for South-East Asia James Cheo.
“We are still cautious on Malaysian listed companies mainly because of their expensive valuations versus the other cheaper regional peers.
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!
