Macroeconomic headwinds continue to blow for Bursa

KUALA LUMPUR: Growing headwinds for Bursa Malaysia could dampen its future performance even as investors attempt to move past weak corporate earnings results in the third quarter.

Based on RHB Research data, the recently concluded third-quarter earnings results were mixed, with a greater number of missed estimates than beats. Of the stocks under its coverage, 29.8% came above estimates, 37.7% in line and 32.5% below. Similarly, a tally against consensus forecasts showed 27.2% exceeding expectations, 38.6% within and 34.2% disappointing.