Bursa set to continue downtrend next week on weaker sentiment — economist – Inter-Pacific Asset Management Prod Sdn Bhd

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

07 Oct 2023

KUALA LUMPUR (Oct 7): 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.

On the domestic front, he said the overall market conditions are still cautious, with concerns over the slower global economic outlook dominating sentiments which could leave the FBM KLCI drifting further over the near term towards 1,400 points.

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Kisho Kumari Sucedaram(2023, October 7) Bursa set to continue downtrend next week on weaker sentiment — economist.

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

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