Bleeding continues on Bursa Malaysia pending more clarity from Trump's policies

TheStar Fri, Jan 17, 2025 09:17am - 2 months View Original


KUALA LUMPUR: The bleeding on the domestic market is expected to continue until there is more clarity over US President-elect Donald Trump's policies moving forward, said Rakuten Trade in its latest market report.

The research firm, which had been bullish over a rebound on the market, noted the FBM KLCI had closed lower for yet another session yesterday after failing to sustain its strong opening amid selling pressure.

"The unrelenting selling predominantly from foreign funds remains high with a net outflow of RM1.45bil since the start of 2025.

"We suspect the unloading could be attributed to the uncertainty of Trump’s return hence we may see similar pattern over the next few days hence expect the index to hover within the 1,550-1,560 today," it said.

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