PETALING JAYA: Geopolitical tensions and expectations for an interest rate pivot by the US Federal Reserves (Fed) to occur by early next year, will help keep the price of gold elevated despite the potentially weaker demand from China.
Rakuten Trade head of equity sales Vincent Lau (pic) recommended investors to “buy the dip” based on their risk appetite.
PETALING JAYA: Looking at how the FBM KLCI has been trending sideways in the past several months without a clear direction, one wonders whether the domestic stock market has enough exciting opportunities to offer to investors.
Without any signs of fresh fiscal stimulus by the government on the horizon, the market lacks catalysts as foreign fund outflow continues and rising Covid-19 infectivity rates raise doubts on the pace of economic recovery.
The FBM KLCI, which is the main gauge of Bursa Malaysia, has been struggling to move north of 1,600 points and break into the 1,700-point territory. Year-to-date, the index is down by 1.2%.