Bittersweet October for the stock market

TheStar Tue, Oct 06, 2020 08:10am - 3 years View Original


Bourse likely to be range-bound with budget in November

PETALING JAYA: Historically, October has been a positive month for Bursa Malaysia, chiefly due to the feel good effect from the announcement of the government’s annual budget.

With the market now in the final quarter of 2020, it has embraced that the unusual is now the new norm and a lot of key events this month are set to keep investors on their feet.

CGS-CIMB Research expects the market to be range-bound, with downside risks this month in view of domestic and external uncertainties.

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