Cau­tious trad­ing likely

The Sun (Malaysia) - - MEDIA & MARKETING -

BURSA Malaysia is ex­pected to trade in a cau­tious mode this week, with in­vestors ea­gerly await­ing the out­come of to­mor­row’s US pres­i­den­tial elec­tion.

Af­fin Hwang In­vest­ment Bank vice-pres­i­dent/head of re­tail re­search Datuk Dr Nazri Khan Adam Khan said with the un­cer­tain eco­nomic out­look, the com­pos­ite in­dex is ex­pected to be trapped be­tween 1,640 and 1,660 points this week.

“The FBM KLCI, along with other re­gional mar­kets, seems to be fo­cused on the elec­tion, with no pol­icy sur­prises made by the four cen­tral banks meet­ing this week,” he said.

With most in­vestors hop­ing for Hil­lary Clin­ton to win the race, Nazri said, the mar­ket is ex­pected to re­bal­ance once the elec­tion is over.

Last week, the FBM KLCI lost 22.03 points to 1,648.24. turnover con­tracted to 7.22 bil­lion units worth RM9.08 bil­lion. – Ber­nama

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