Bursa Malaysia expected to trade with a positive bias next week
KUALA LUMPUR: Bursa Malaysia is expected to trade with a positive bias next week, underpinned by resilient domestic fundamentals and improving regional sentiment.
Bursa Malaysia is expected to trade with a positive bias next week, according to analysts. This optimism is driven by strong domestic fundamentals, including Malaysia's manufacturing PMI remaining above the 50-point expansion threshold, and improved regional sentiment. Furthermore, better-than-expected US ISM Services data for August indicates continued global activity and demand momentum.
However, the index is anticipated to trade within the 1,700-1,730 range due to a lack of strong catalysts for a decisive breakout, with foreign institutions continuing to sell shares while local investors and institutions absorb the selling.
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