FBMKLCI Week Ahead (4-8 November 2024)

🔹Bursa Malaysia is anticipated to trade within a narrow range of 1,625 to 1,630 next week as global markets brace for two major events: the U.S. presidential election on November 5 and the Federal Open Market Committee (FOMC) meeting on November 6–7.

🔹While the election outcome will likely shape U.S. market sentiment, we expect minimal direct impact on Malaysian markets, as local investors have largely taken a cautious stance.


🔹Consequently, a wait-and-see approach may dominate trading, with investors in Malaysia watching Wall Street’s reaction closely and considering the implications for U.S. economic policy.

#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI