These include the decision by the US Federal Open Market Committee (FOMC) to raise the federal funds rate by 25 basis points, bringing the benchmark interest rate to 0.50 per cent.īesides, the Russia-Ukraine crisis that led to significant movements to oil prices and the lockdown in Shenzen, China, due to rising Covid-19 cases also weighed on the local equity market. “Technically, immediate resistance will be seen at 1,600 while support at 1,550,” he told Bernama.įor the week just ended, the FBM KLCI moved in a mixed trend, in tandem with Wall Street’s performance and regional markets. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index is likely to trade between the 1,575 and 1,595 range next week. KUALA LUMPUR, March 19 - Bursa Malaysia is expected to see range-bound trading next week as investor sentiment is likely to remain cautious due to market volatility amid the Russia-Ukraine conflict. Bernama picįollow us on Instagram and subscribe to our Telegram channel for the latest updates. For the week just ended, the FBM KLCI moved in a mixed trend, in tandem with Wall Street’s performance and regional markets.
0 Comments
Leave a Reply. |