KUALA LUMPUR, May 9 — Bursa Malaysia is likely to trade on a cautious tone next week as investors are looking at the release of economic data including Malaysia’s first-quarter gross domestic product (GDP) next week. AxiTrade chief global market strategist Stephen Innes said the market is...
File photo of an investor monitoring the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari Anggara
This is while the blame game on the origin of Covid-19 virus looked likely to carry on for some time, he added On Monday, IHS Markit Malaysia Manufacturing Purchasing Managers’ Index fell sharply to 31.3 in April 2020 from 48.4 in March 2020, as the manufacturing sector came under heavy pressure due to measures implemented to tackle the Covid-19 pandemic.
On a Friday-to-Friday basis, key index FTSE Bursa Malaysia KLCI fell 24.97 points, to end at 1,382.81. Sector-wise, the Financial Services Index decreased 187.64 points to 12,285.27, the Industrial Products and Services Index gained 0.20 of-a-point to 120.64 and the Plantation Index shrank 121.35 points to 6,239.67.
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