KUALA LUMPUR: Investors will take their guidance this week from the tabling of Budget 2023 and the raft of corporate earnings announcements due out this week.
In addition, economic data scheduled for release this week include the January external trade statistics and the January consumer price index report.
"Against the hive of news flow, investors will be hoping for positive vibes to emerge following last week’s mixed market performance, as tracked by the FBM KLCI (+0.2%), FBM 70 Index (-0.3%), FBM Small Cap Index (-0.3%), FBM Fledgling Index (+0.4%) and FBM ACE Index (-1.5%)," said Kenanga Research in its weekly technical review.
At the open, the FBM KLCI was down 2.65 points to 1,474.25, as investors practise caution ahead of the crucial economic data.
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