Bursa Malaysia set to rebound next week on bargain hunting — economist

14 Oct 2023

KUALA LUMPUR (Oct 14): Bursa Malaysia is expected to rebound amid bargain-hunting activities next week, driven by improved risk appetite in the market post-Budget 2024.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said he is expecting FBM KLCI to do an oversold rebound and remain on the ascend, climbing past the 1,440 level to retest the 1,450 level next week, as foreign funds make a comeback and the market is on a good run.

“Foreign funds continue to make a beeline back to the key index stocks, in what is seen as fresh bargain hunting ahead of the Budget 2024 yesterday (Friday, Oct 13),” he told Bernama.

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Durratul Ain Ahmad Fuad(2023, October 14) Bursa Malaysia set to rebound next week on bargain hunting — economist

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Bursa Malaysia set to rebound next week on bargain hunting — economist

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