Bursa seen flat this week on cautious sentiment
KUALA LUMPUR: Bursa Malaysia is expected to trade sideways this week amid cautious market sentiments due to external factors, namely continued worries over aggressive monetary tightening by the United States Federal Reserve going forward and a grim economic outlook forecast by the Bank of England.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the local bourse would track global equities, which are expected to be volatile in the immediate term amid global monetary tightening.
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!
