KUALA LUMPUR, June 12 — The FTSE Bursa Malaysia is expected to trade within a range of 1,570 to 1,600 points next week as investors will likely be focusing on the number of vaccination doses administered daily in the country, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.
“Downside risks to the FBM KLCI is the news that Saudi Arabia has unwound all its voluntary production cuts which could drag oil prices lower,” he told Bernama. “On the economic data front, there will be no releases for Malaysia while countries such as India, Singapore and Indonesia will be releasing its exports growth for May,” he said.
The healthcare-linked counters tumbled after the country’s vaccination programme kicked into high gear. The Energy Index shed 12.11 points to 832,58, the Healthcare Index gave up 40.06 points to 3,026.01 and the Technology Index fell 1.38 points to 79.38.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FBM KLCI weighed down by political uncertainty rumourKUALA LUMPUR: The consolidation on the local bourse continued on Friday amid speculation on Malaysia’s political developments.
Source: staronline - 🏆 4. / 75 Read more »
US, Taiwan officials discuss trade, plan meeting ‘in coming weeks’ | Malay MailWASHINGTON, June 11 — United States Trade Representative Katherine Tai discussed trade and investment issues with Taiwan’s chief trade negotiator John Deng on Thursday, agreeing to convene a meeting of their Trade And Investment Framework Agreement Council “in coming weeks”, Tai’s office...
Source: malaymail - 🏆 1. / 86 Read more »
G7 to donate one billion Covid-19 vaccine doses to poorer countries | Malay MailCARBIS BAY (England), June 11 ― British Prime Minister Boris Johnson expects the Group of Seven to agree to donate 1 billion Covid-19 vaccine doses to poorer countries during its summit starting today, and help innoculate the world by the end of next year. Just hours after US President Joe Biden...
Source: malaymail - 🏆 1. / 86 Read more »
Thailand books 20 million doses of Pfizer-BioNTech Covid-19 vaccines | Malay MailBANGKOK, June 11 ― Thailand has signed a purchase order for 20 million doses of the Covid-19 vaccine develop by Pfizer and BioNTech to be delivered before the end of this year, its health minister said. Details of the deal, delivery timeframe and the vaccine's approval by the Food and Drug...
Source: malaymail - 🏆 1. / 86 Read more »
India records world's highest daily Covid-19 deaths after state revises numbers | Malay MailBENGALURU, June 10 — India reported on Thursday the highest single-day death toll from Covid-19 in the world, at 6,148, after a big eastern state revised its figures to account for people who succumbed to the disease at home or in private hospitals. The health department of Bihar, one of India's... Qasim’s dream of 2015 – Prophet Muhammad SAW said, Qasim convey this message to the whole Ummah, whoever stands with you is just like a person standing with me, and whoever supports you its just like they support me. More at
Source: malaymail - 🏆 1. / 86 Read more »
Asia's synthetic drug trade expanded amid Covid-19 pandemic | Malay MailBANGKOK, June 10 — Drug traffickers in East and South-east Asia found ways to evade Covid-19 curbs to boost trade and diversify production, with Cambodia emerging as a large-scale source for methamphetamine, the United Nations said on Thursday. The trafficking of methamphetamine or meth, by far...
Source: malaymail - 🏆 1. / 86 Read more »