KUALA LUMPUR: Bursa Malaysia may be in for a volatile week as the external uncertainties and downside risk continue to sap investor appetite.
Apex Securities said in a review the FBM KLCI could be negative affected by the bearish sentiment on Wall Street, while the lower liers could also brace for further pullback amid quick profit-taking.
"For now, investors will be monitoring the US core personal consumption expenditures reading this week as the preferred inflation indicator of the Federal Reserve.
"With the on-going volatility, we advocate investor to be defensive, focusing onto gold-related stocks after gold prices marched beyond US$2,000/oz," said Apex.
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