Published:
Malaysia's bourse to trade 'sideways'
The KLCI closed at another record-high at the start of the week, says OCBC Treasury Research.
OCBC Treasury Research noted:
The KLCI closed at another record-high at the start of the week, driven by blue chips and finance stocks, as investors continued to cling on hopes of further stimulus to be implemented by global central banks.
As it is, further upside is not to be ruled out in the short-term but we have yet to see a fundamental shift in global risk appetite that could potentially make the run prevalent at this juncture.
Risk is that any negative headline news would cause a disappointment in the market. Look for the local bourse to trade sideways in the meantime.
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