Bursa Malaysia is expected to stay in consolidation mode next week until more clarity surfaces about the global economic outlook.

Bursa expected to stay in consolidation mode until global economic outlook's clarity surfaces

Bursa Malaysia is anticipated to experience some portfolio realignments and window-dressing activities, hence the benchmark index is likely to trend higher next week as the market enters the month of December, said an analyst.

Bursa likely to be higher next week with window-dressing activities

Bursa Malaysia is projected to continue trading in range-bound mode with an upward bias next week, as investors continue to seek new catalysts amid heightening global market volatility, a dealer said.

Bursa expected to trade range-bound in coming week on lack of catalysts

Bursa Malaysia's barometer index is set to test the 1,480 level next week riding on bullish year-end seasonalities and global equities strength.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said the expectation of a pause in the interest rate hike due to the cooling US inflation data is also expected to continue boosting risk appetite for stocks.

FBM KLCI expected to climb to 1,480 level next week

The FBM KLCI is expected to trend higher towards the 1,460-point level next week, driven by Wall Street’s record best week in a year after US jobs growth slowed.

KLCI expected to trend higher in coming week

Stock market investors will be watching out for some local economic data to be released in the coming week, including the Service Producer Index for the third quarter of 2023 and Industrial Production Index for September, according to an analyst.

Investors eye up domestic economic data next week 

The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to move in an uptrend next week as regional markets rally on bets of peak US interest rates and strong earnings.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said the positivity should also permeate to stocks on the FBM KLCI and extend its near-term upsides, although the recovery may still be measured due to the continuing cautiousness over Malaysia’s economic and corporate earnings outlook.

FBM KLCI expected to rise to 1,460 next week, says economist

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.

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

The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to consolidate sideways next week due to the weakening of the ringgit along with the Middle East tension and pressure from the global bond market rout.

FBM KLCI expected to consolidate sideways next week, says economist

Bursa Malaysia is likely to trend lower next week amid rising interest rates, higher oil prices and the stronger US dollar.

Inter-pacific Asset Management Bhd chief economist and fund manager Datuk Nazri Khan said the US Treasury bond rout has bolstered the view that the US Federal Reserve would call for more rate rises over the next 12 months.

Bursa set to continue downtrend next week on weaker sentiment — economist

Bursa Malaysia will likely move on a downward trend next week, easing to 1,400 points from the current 1,420 points, as most stocks are struggling to find their next direction.

Bursa to ease to 1,400-point level next week, says analyst

Bursa Malaysia is likely to trend lower next week amid cautious market sentiment as investors are concerned about the bearish economic outlook, an analyst said.

Bursa likely to trend lower next week amid cautious market sentiment

Optimism about the outlook for US interest rates and China’s improving economic prospects are set to drive Bursa Malaysia higher next week.

Bursa seen higher in coming week on continued bullish sentiment

Asian stocks were set to follow a selloff on Wall Street, with bond yields rising as traders comb through remarks from a slew of Federal Reserve officials and await Jerome Powell’s speech for clues on the interest-rate outlook.

Equity futures for Japan, Hong Kong and Australia pointed to declines after the S&P 500 almost wiped out its weekly advance, while losses in the Nasdaq 100 topped 2%. Treasury two-year yields, which are more sensitive to imminent policy moves, climbed above 5%. The greenback advanced against all of its G-10 peers on Thursday (Aug 24), with the Australian and New Zealand dollars falling the most in more than three weeks.

Asian stocks to follow US drop before Powell speech

KUALA LUMPUR (Dec 10): Malaysia has expressesed its utmost concern on any frivolous and vexatious attempts by any parties employing various tactics to undermine and disrupt the course of criminal proceeding currently ongoing against Gonzalo Stampa.

Malaysia expresses utmost concern over attempts to disrupt criminal proceedings against Gonzalo Stampa

BENGALURU (Dec 10): Social media platform X will reinstate the account of US conspiracy theorist Alex Jones after a poll of the site's users backed his return, X owner Elon Musk said on Sunday.

Musk says conspiracy theorist Alex Jones will be reinstated on X after poll

KUALA LUMPUR (Dec 10): A company and its director, a Singaporean, have been charged in the Sessions Court here on four charges of offering RM15 million worth of Islamic redeemable preference shares (iRPS) to the public between Aug 2020 and Aug 2021.

Company, director charged with offering RM15 mil worth of preference shares to public

GAZA/CAIRO (Dec 10): Israel ordered residents out of the centre of Gaza's main southern city Khan Younis and pounded the length of the enclave overnight, after the United States wielded its UN Security Council veto to shield its ally from a demand for a ceasefire.

Palestinians report Israeli battles in Khan Younis after US blocks Gaza ceasefire call

KUALA LUMPUR (Dec 10): A total of 351 sick and abandoned housing projects, with a gross development value (GDV) of RM32.87 billion, have been completed and restored by the Ministry of Local Government Development (KPKT) throughout one year of the Madani Government's administration.

Madani Govt one year anniversary: Restoring 351 problematic housing projects among ministry’s successes

SHANGHAI (Dec 10): China's securities regulator has published draft rules aimed at slashing trading commissions for mutual funds and addressing the conflict of interest between the securities trading and fund sales businesses of brokerages, the latest reform to the US$3.8 trillion mutual fund industry.

China proposes trading cost cuts for mutual funds, to regulate commissions

SHAH ALAM (Dec 10): A total of 97 individuals will receive the state awards, honours and medals in conjunction with the 78th birthday of the Sultan of Selangor Sultan Sharafuddin Idris Shah on Monday (Dec 11).

97 persons to receive awards, medals in conjunction with Selangor Sultan’s birthday

FOLLOWING a recent request for proposals (RFP) from the General Insurance Association of Malaysia aka Persatuan Insurans Am Malaysia (Piam) and the Malaysian Takaful Association (MTA), the Association of Accredited Advertising Agents Malaysia (4As Malaysia) would like to explicitly state its dissatisfaction with the demand by Piam and MTA for the ownership and retention of agencies’ intellectual property.

Association of advertising agents oppose tenders that usurp ownership of intellectual properties of proposals submitted

KUALA LUMPUR (Dec 10): The year 2023 saw Malaysia elevate its commitment toward an inclusive and sustainable public transportation service, which augurs well with the newly launched National Energy Transition Roadmap (NETR) that emphasises clean energy.

Sustainability: The buzzword in 2023 for transportation

BEIJING (Dec 10): The Philippines and China traded accusations on Sunday over a collision of their vessels in disputed waters of the South China Sea, as tensions over claims in the vital waterway escalate.

Philippines, China trade accusations over South China Sea collision

KUALA LUMPUR (Dec 10):&nbsp;Husband-and-wife team Ng Han Yang and Rachel Leong, scions of property development and timber families, make their first foray into F&amp;B (food &amp; beverage) with the recent opening of Mellow at Petaling Jaya’s Seventeen Mall.

Days of wine + roses

KUANTAN (Dec 10): The installation of the first track for the East Coast Rail Link (ECRL) project will begin on Monday (Dec 11) — three years before the 665-kilometre (km) railway line that connects the East Coast and the West Coast in the peninsula starts operating in January 2027.

King to grace ceremony to instal first ECRL track on Dec 11

KUALA LUMPUR (Dec 10):&nbsp;Travilion Group of Companies launched its Parq Residence project on Dec 8, and it will be one of the tallest residential buildings in Kuching. Chief executive officer (CEO) Datuk Seri John Lau and co-chief operating officer (co-COO) Peter Lau believe the project will do well, thanks to encouraging booking numbers and also their confidence that high-rise living is something Sarawakians are accepting now.&nbsp;

The sky’s the limit

KUALA LUMPUR (Dec 10): A company and its director, a Singaporean, have been charged in the Sessions Court here on four charges of offering RM15 million worth of Islamic redeemable preference shares (iRPS) to the public between Aug 2020 and Aug 2021.

DUBAI (Dec 9): Countries clashed on Saturday over a possible agreement to phase-out fossil fuels at the COP28 summit in Dubai, jeopardising attempts to deliver a first-ever commitment to eventually end the use of oil and gas in 30 years of global warming talks.

COP28 clashes over fossil fuel phase-out after Opec pushback

KUALA LUMPUR (Dec 10): The year 2023 saw Malaysia elevate its commitment toward an inclusive and sustainable public transportation service, which augurs well with the newly launched National Energy Transition Roadmap (NETR) that emphasises clean energy.

SHAH ALAM (Dec 10):&nbsp;A total of 97 individuals will receive the state awards, honours and medals in conjunction with the 78th birthday of the Sultan of Selangor Sultan Sharafuddin Idris Shah on Monday (Dec 11).

KUALA LUMPUR (Dec 10): Saitama Prefecture, which is ranked fifth in terms of population and economic productivity among the prefectures of Japan, is exploring further investment opportunities in Malaysia in the halal food and automated machinery industries.

Japan's Saitama Prefecture keen to invest in halal food, machinery industries in Malaysia

SYDNEY (Dec 10): Australia will triple fees on purchases of existing homes by foreign buyers, Treasurer Jim Chalmers said on Sunday, as part of measures aimed at increasing the supply of affordable housing.

Australia to triple fees on foreign purchasers of existing homes

FOLLOWING a recent request for proposals (RFP) from the General Insurance Association of Malaysia aka Persatuan Insurans Am Malaysia (Piam) and the Malaysian Takaful Association (MTA), the Association of Accredited Advertising Agents Malaysia (4As Malaysia) would like to explicitly state its dissatisfaction with the demand by Piam&nbsp;and MTA for the ownership and retention of agencies’ intellectual property.

SHANGHAI (Dec 10): China's securities regulator has published draft rules aimed at slashing trading commissions for mutual funds and addressing the conflict of interest between the securities trading and fund sales businesses of brokerages, the latest reform to the US$3.8 trillion mutual fund industry.

BEIJING (Dec 10): The Philippines and China traded accusations on Sunday over a collision of their vessels in disputed waters of the South China Sea, as tensions over claims in the vital waterway escalate.

KUALA LUMPUR (Dec 10): A total of 351 sick and abandoned housing projects, with a gross development value (GDV) of RM32.87 billion, have been completed and restored by the Ministry of Local Government Development (KPKT)&nbsp;throughout one year of the Madani&nbsp;Government's administration.

GAZA/CAIRO (Dec 10): Israel ordered residents out of the centre of Gaza's main southern city Khan Younis and pounded the length of the enclave overnight, after the United States wielded its UN&nbsp;Security Council veto to shield its ally from a demand for a ceasefire.

KUALA LUMPUR (Dec 10): Malaysia has expressesed its utmost concern on any frivolous and vexatious attempts by any parties employing various tactics to undermine and disrupt the course of criminal proceeding currently ongoing against Gonzalo Stampa.

BENGALURU (Dec 10): Social media platform X will reinstate the account of US conspiracy theorist Alex Jones after a poll of the site's users backed his return, X owner Elon Musk said on Sunday.

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