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Analysts believe local institutional investors can absorb the net selling by foreign portfolio funds on Bursa Malaysia and support the local market to hold on to the 7.4% gains made year-to-date (y-t-d).
Sentiment and valuation could be key for the local equity market to head higher after the FBM KLCI closed at a 19-month high on the maiden trading day to usher in the Lunar New Year of the dragon.
PETALING JAYA: The allocation for Budget 2023 may not be significantly different than the massive RM332.1bil allocated under the previous year’s Supply Bill, economists say as they expect election goodies to be part of the spending plan.
The crypto market suffers another correction as the weekend looms, so will Elon tweet again? Crypto at a Glance Greetings from Dubai and today, once again, Luno Advisor Mati Greenspan, has kindly provided the market commentary together with his Technical Analyst, Imran Yusof, from Quantum Economics BTCUSD will trade the range between $27,900 – $42,000 until the range breaks, whenever that is. Or rather, whenever Elon Musk tweets or China speaks again. In the meantime, here’s a quick technical snapshot on Ethereum this morning. Where ETHUSD has been: After breaking above...
Lenders streamlining their strategies amid challenging business environment BANKS worldwide are closing down branches and slashing their usage of office space like never before in a sure sign that the coronavirus pandemic has brought about permanent changes to the financial world. While changes are not confined to this industry, lenders have largely been quicker than most to adapt to the changes. This week alone, Standard Chartered said it would shut down half its branches and slash office space worldwide by a third in order to save costs as global lockdowns have greatly reduced the need for ...