Bursa Malaysia likely to trade range bound with positive bias next week
KUALA LUMPUR: Bursa Malaysia is expected to remain range-bound within the 1,710–1,740 levels with a positive bias next week, an analyst said.
Bursa Malaysia is anticipated to trade within a range of 1,710 to 1,740 with a positive outlook next week, according to an analyst. The local bourse's performance is expected to be bolstered by appealing valuations, robust market participation, and strong domestic fundamentals. Rakuten Trade Sdn Bhd's Thong Pak Leng, who spoke to Bernama, suggested that bargain hunting could help trading resume when the market reopens.
Meanwhile, IPPFA Sdn Bhd's Mohd Sedek Jantan pointed out that Bursa Malaysia is likely to see light trading volumes during the week due to holidays and potential investor shifts towards global markets following strong US technology stock performance. Market focus will also be on Federal Reserve Chair Kevin Warsh's Jackson Hole speech, where his comments will be closely monitored for clues about the Fed's monetary policy direction.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
