Key index stocks may retrace over the near term
25 Mar 2022
THE EDGE: Inter-Pacific Securities Sdn Bhd said despite Thursday’s (March 24) gains, conditions on Bursa Malaysia are still fluid and the near-term outlook will be largely dictated by overseas events for the time being.
In its daily bulletin on Friday, the research house said this could also mean that key index stocks may retrace over the near term, in line with the weakness in key global indices overnight with the re-emergence of inflationary concerns as crude oil and other commodity prices remain elevated due to the ongoing geopolitical conflict in eastern Europe that shows little signs of abating.
Surin Murugiah. (2022, March 25). Key index stocks may retrace over the near term. The Edge.
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