KLCI expected to trend higher towards 1,450 level in coming week

28 Oct 2023

KUALA LUMPUR (Oct 28): The FBM KLCI is expected to trend higher towards the 1,450 level next week, on the back of higher Malaysian producer price index (PPI) data in September.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said the volume on Bursa Malaysia is doing great as the earnings season has kick-started and many companies are doing well.

“We can foresee global sentiment improving after falling in the last couple of days, and the interest rate is not likely to be a major catalyst next week, after the European Central Bank (ECB) held the rate steady,” he told Bernama.

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Kisho Kumari Sucedaram/ Bernama(2023, October 28) KLCI expected to trend higher towards 1,450 level in coming week.

Retrieved from KLCI expected to trend higher towards 1,450 level in coming week

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KLCI expected to trend higher towards 1,450 level in coming week

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