Rakuten Trade Sdn Bhd head of research Kenny Yee (pic) expects the FBM KLCI to remain stuck in consolidation mode this week following a mini rally in late August.
KUALA LUMPUR: Bursa Malaysia is expected to continue consolidating and trade in cautious mode next week as investors weigh the resurgence of new Covid-19 cases and its impact on the economy and companies’ earnings.
Bank Islam chief economist Mohd Afzanizam Abdul Rashid said the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to hover in a tight range between 1,575 to 1,585 this week.
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