{
  "id": 16290058,
  "title": "Dip-buyers could lift Bursa next week, but oil and foreign selling may rattle it",
  "url": "https://urgent.news/2026/10/24/dip-buyers-could-lift-bursa-next-week-but-oil-and-foreign-selling-may",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T06:03:55.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/24/dip-buyers-could-lift-bursa-next-week-but-oil-and-foreign-selling-may-rattle-it/240428"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Oct 24 — Bursa Malaysia is poised for an upward trend next week, with analysts predicting the benchmark index to trade within the 1,600-1,620 range. This optimism stems from a resurgence in investors' appetite for risk, according to Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng. Thong expects bargain hunters to intensify as investors capitalize on improving stock valuations. However, he warns that elevated oil prices, geopolitical concerns, and persistent foreign selling could lead to intermittent volatility. Thong remains cautiously optimistic about the FBM KLCI, foreseeing a mildly positive bias driven by selective accumulation of fundamentally strong stocks. He attributes this to Malaysia's robust economic foundations and relatively stable inflation, which should sustain corporate earnings. Recent market corrections have made select blue-chip stocks more appealing, especially in the banking, plantation, and utilities sectors. Over the past week, the local bourse experienced a slight decline, mirroring regional market trends and Wall Street sentiments due to uncertainty surrounding AI investment sustainability.",
  "summary": "KUALA LUMPUR, Oct 24 — Bursa Malaysia is likely to trend upwards next week, with the benchmark index expected to t...",
  "key_points": [
    "Bursa Malaysia expected to rise to 1,600-1,620 range next week",
    "Oil prices, geopolitics, foreign selling may cause market volatility",
    "Select blue-chip stocks appealing due to market corrections"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}