Share prices on Bursa Malaysia are likely to trade within a narrow band next week with investors cautious amid lingering concerns over the crisis in Libya and the anticipated economic setback from the massive earthquake which hit Japan on Friday, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to hover between 1,480 and 1,500 points level, said Affin Investment Bank's Head of Retail Research Dr Nazri Khan.
"The negative impact of the Japanese tsunami, with the Yen and Nikkei dropping to a two week low, and volatile oil prices in Saudi Arabia with crude oil hitting a 27-month high of US$120 are set to drive the bearishness," he said today.
Read more: KL bourse likely to be bearish http://www.btimes.com.my/Current_News/BTIMES/articles/20110312113924/Article/index_html#ixzz1GRRMA2W1
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to hover between 1,480 and 1,500 points level, said Affin Investment Bank's Head of Retail Research Dr Nazri Khan.
"The negative impact of the Japanese tsunami, with the Yen and Nikkei dropping to a two week low, and volatile oil prices in Saudi Arabia with crude oil hitting a 27-month high of US$120 are set to drive the bearishness," he said today.
Read more: KL bourse likely to be bearish http://www.btimes.com.my/Current_News/BTIMES/articles/20110312113924/Article/index_html#ixzz1GRRMA2W1
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