OPR May Remain Intact Indefinitely
The domestic interest rate scenario has also changed, with most analysts anticipating that the Central Bank will maintain the OPR indefinitely, which is good news for equities - Rakuten
stocks
Index to Trend Between the 1,490-1,500 Range Today
Bargain hunting activities should return thus expect the index to trend between the 1,490-1,500 range today with the tech sector to see a strong recovery - Rakuten Trade
Smaller Caps Experience Increased Investment as Daily Trading Volume Improves
Funds are shifting into smaller caps with improving daily volume. The focus remains on the plantation stocks as CPO futures rebounded past RM3,900/tonne - Rakuten Trade
Equities Outflow For The Third Consecutive Week
Malaysia only Southeast Asian market with net foreign outflow, while Indonesia posts biggest inflow of US$114 million
Bursa In Consolidation Mode
Buying activity has shifted to smaller cap stocks in certain sectors, providing opportunities for investors
Buying Interest on Banks and Consumer Products
As many are expecting intertest rates hikes reaching a plateau, we reckon focus on the equity market to improve going forward hence expect the index to trend within the 1,495-1,505 range today
Possible Buying Interests on The Telcos and Selective Tech Stocks
Back home, trading on the local bourse had been lackluster but some late buying activities saw the FBM KLCI to close flat. Watch Telco stocks today.