iFAST Capital's Khaw said domestic factors would buoy Bursa Malaysia over the long run despite some cooling in interest in the near term.
PETALING JAYA: The local equity market could consolidate for a while as investors evaluate the impact the introduction of the service tax and potential subsidy rationalisation will have on consumer spending and inflation.
In what could be a big week for world markets with the US Federal Reserve’s (Fed) chair Jerome Powell set to address Congress in the United States, and China holding its week-long annual session of the National People’s Congress (NPC), analysts believe the FBM KLCI, coming off its year high, is a healthy sign of investors trading the rally in anticipation of policy changes domestically and abroad.
