Value to be found on local bourse

Rakuten Trade head of equity sales Vincent Lau told StarBiz investors should look beyond the tensions over Taiwan, and “cut through the noise”. “There is value to be found. Investors should look at the fundamentals and focus on corporate earnings,” he said.

KUALA LUMPUR: Fund managers have mixed views on the short-term outlook for the local bourse, as jitters over United States-China geopolitical tensions saw the FBM KLCI closing in negative territory yesterday.

The FBM KLCI closed 4.48 points lower at 1,490 yesterday with some 1.9 billion securities valued at RM1.35bil being traded.