Cau­tious trad­ing likely

The Sun (Malaysia) - - SPEAK UP -

BURSA Malaysia is likely to see cau­tious trad­ing this week ahead of the 2017 Bud­get an­nounce­ment on Oct 21, deal­ers said.

Af­fin Hwang In­vest­ment Bank vice-pres­i­dent/head of re­tail re­search Datuk Dr Nazri Khan Adam Khan said stocks in the tech­nol­ogy, telecom­mu­ni­ca­tions and con­struc­tion sec­tors are likely to ben­e­fit from the 2017 Bud­get. “This in­cludes stocks like My EG Ser­vices, Inari Amertron and Telekom Malaysia,” he said.

On the ex­ter­nal front, In­ter-Pa­cific Re­search Sdn Bhd head of re­search Pong Teng Siew said, the US Fed­eral Re­serve is un­likely to an­nounce an in­crease in in­ter­est rates at its next pol­icy meet­ing in De­cem­ber.

For the hol­i­day-short­ened week just ended, the FBM KLCI rose 12.83 points to 1,665.38. – Ber­nama

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