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KUALA LUMPUR: Bursa Malaysia ended broadly higher today, with buying support in glovemakers, in line with the firmer key Asian markets.
KUALA LUMPUR: FTSE Bursa Malaysia KLCI (FBM KLCI) is set to close the year at the 1,580 level based on calendar year 2020 (CY20) price-earnings (PE) multiple of 15 times, said Rakuten Trade Sdn Bhd head of research Kenny Yee.
NEW YORK:Global equities treaded water and U.S. government bonds edged higher on Friday as investors weighed better-than-expected corporate earnings and increased M&A activity in Europe against political concerns ranging from the U.S. elections to Brexit.
MANY global stock markets are in a pullback mode, and Bursa Malaysia is no exception. Around the world, stocks that have posted astronomical jumps in share prices over the past few months have recently declined or moved sideways.
But ample liquidity and low interest rates to cushion downside
This week’s holiday-shortened week will be relatively light in the way of economic data. The corporate earnings season for the second quarter had just concluded last week.
KUALA LUMPUR, Aug 29 (Bernama): Bursa Malaysia is likely to trade in a similar pattern next week, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) expected to move in a tight range of between 1,540 to 1,560 as investors begin their bargain hunting.