Analysts believe local institutional investors can absorb the net selling by foreign portfolio funds on Bursa Malaysia and support the local market to hold on to the 7.4% gains made year-to-date (y-t-d).
Sentiment and valuation could be key for the local equity market to head higher after the FBM KLCI closed at a 19-month high on the maiden trading day to usher in the Lunar New Year of the dragon.
PETALING JAYA: The allocation for Budget 2023 may not be significantly different than the massive RM332.1bil allocated under the previous year’s Supply Bill, economists say as they expect election goodies to be part of the spending plan.
Top Glove Corp Shares Fall as Sector Outlook Dims morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Warga emas 120 tahun terima suntikan vaksin harakahdaily.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from harakahdaily.net Daily Mail and Mail on Sunday newspapers.