30th june : KUALA LUMPUR: Bursa Malaysia is poised to trade higher next week, driven by expectations of a Federal Reserve (Fed) rate cut following the release of key US inflation data on Friday, according to an analyst.
UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the US monthly core personal consumption expenditures (PCE) for May 2024 increased by 0.1 per cent, supporting expectations of Fed rate reductions starting in September.
"As such, the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade within the range of 1,610 to 1,650 next week. Additionally, we foresee the ringgit strengthening in the coming week.
"Due to the soft PCE data, gold futures are expected to remain bullish, trading within the US$2,320 to US$2,350 range. Stock market risk is increasing as valuations extend and rallies occur with thinner breadth," he told Bernama.
got caught earlier at .86 cents this morning news in as was told fund in so i average out again . closing at breakeven point so tomorrow can ran out fast. JCY in one counter which if one is a trader then can buy low and sell high
NatsukoMishima: "Greedy gamblers still dont know how to write the dead word !" "Warning ! Most dangerous stock in bursa now ,leave right now , dont look back before insider cut vege !"
Natsuko-san, anata no analisisu dame desu yo (Miss Natsuko, your analysis is bad leh)
After 2 weeks of steep correction next stop will be above 1.00 Notion need to pay cash upfront and margin don’t accept so JCY will be retailer choice to buy
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MQ Trader 2877 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
FortuneBlooming
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Posted by FortuneBlooming > 1 month ago | Report Abuse
bargainhunters:
"jcy coming back in july... today last day to buy"
walao, dude😎, sounds kind of a bit poetic ...
splendid, now then, allow me to do some building up🐈
jcy coming back in july
today last day to buy
pray hope that soon it'll fly🕊️
then we can wish doubters "goodbye"👋