KUALA LUMPUR: As Corporate Malaysia enters its final week of the results period, the lack of surprises from the ongoing releases could keep the market range-bound.
Apex Equities Research opined the FBM KLCI could remain moving in a sideways direction due to the corporate results coming in within expectations.
However, it added that the drop in US Treasury yields to multi-month lows on expectations of cooling inflation could cushion any downside.
"Back home, investors will be keeping a close watch onto Malaysia’s producer price index on Tuesday this week. At the same time, US new home sales and S&P Global Manufacturing PMI data will be in focus," it said in a note.
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