FBM KLCI stays in consolidation, bank results in focus

TheStar Tue, Feb 27, 2024 09:16am - 2 months View Original


KUALA LUMPUR: The benchmark stock index is expected to remain within consolidation mode pending the results of banking heavyweights this week.

According to Apex Securities Research, there has been a dearth of fresh leads for investors, although there will be more clues this week as to the outlook of the US economy and interest rates.

"Wall Street ended slightly lower after erasing all its intraday gains with investors turning cautious ahead of a barrage of economic data as well as keynotes from Federal Reserve speakers," said the research firm in a note.

Back home, investors will be keeping an eye on the producer price index due to released later today.

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