KUALA LUMPUR: Rakuten Trade Sdn Bhd expects foreign funds to make a U-turn back to Asian markets going forward, particularly emerging markets including Malaysia due to low stock valuations, a cheap ringgit and heightened volatility in the United States and Europe.
KUALA LUMPUR: Market sentiment is expected to remain weak on the local bourse in the near term amid bargain-hunting activities, according to fund managers.
Bursa Malaysia is likely to trend sideways with slightly positive bias within the 1,470-1,490 range from Monday (Feb 13) after a strong set of 2022 gross domestic product (GDP) data was released on Friday, a dealer said.
KUALA LUMPUR: Construction firm Vestland Bhd made its debut on the ACE Market at 38 sen a share, which represents a five sen or 15.15% premium over its initial public offering (IPO) price.