Bursa Malaysia likely to stage recovery next week on bargain hunting
KUALA LUMPUR: Bursa Malaysia is likely to trend upwards next week, with the benchmark index expected to trade within the 1,600-1,620 range amid a recovery in investors' risk appetite, said an analyst.
Bursa Malaysia is anticipated to experience a recovery next week, with the benchmark index expected to trade within the 1,600-1,620 range, according to an analyst at Rakuten Trade Sdn Bhd. This potential uptick is attributed to investors' increasing risk appetite and the prospect of bargain hunting as stock valuations become more attractive.
However, the analyst notes that volatility may persist due to factors such as elevated crude oil prices, geopolitical uncertainties, and persistent foreign selling. Despite these challenges, Malaysia's resilient economic fundamentals and relatively contained inflation are expected to support corporate earnings prospects.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
