Bursa Malaysia is expected to remain below its psychological level of 1,400 points next week, with the risk interests of investors continuing to be dictated by economic developments in the US and China.

Bursa expected to remain below 1,400 pts due to US, China concerns, say analysts

Bursa Malaysia is expected to continue to trade in cautious mode next week, amid concerns over global economic developments, an analyst said.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the local market undertone will remain cautious until the US debt ceiling issue is resolved, although bargain-hunting activities may emerge as well.

Cautious trading expected to continue on Bursa in coming week

Bursa Malaysia’s benchmark index, the FTSE Bursa Malaysia KLCI (FBM KLCI), is expected to move higher next week, riding on better market sentiment coupled with optimism over a positive corporate earnings season.

FBM KLCI expected to continue uptrend next week on improved market sentiment

The FBM KLCI is expected to consolidate and trade with downside bias next week in the absence of fresh catalysts.

Malacca Securities Sdn Bhd senior analyst Kenneth Leong expects the downside risk to be cushioned at the immediate support level of 1,413 points, while immediate resistance is at 1,437, followed by 1,450.

KLCI expected to trade with downside bias in coming week on lack of fresh catalysts

The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to remain in its sideways pattern next week within the 1,420- to 1,435-point level, a dealer said.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said investors are cautious over the short term due to heightened regional market volatility and external uncertainties.

FBM KLCI expected to remain sideways within 1,420-1,435 points next week

The FBM KLCI is anticipated to trend higher next week within the range of 1,415-1,430 points in a holiday-shortened trading period, a dealer said.

KLCI seen having upside bias next week on undemanding valuations

Bursa Malaysia is expected to be muted with an upside bias in the coming days in view of the shortened trading week due to the Hari Raya Aidilfitri celebration, said an analyst.

Bursa expected to be muted next week

Bursa Malaysia is expected to trend higher next week on optimism regarding the end of the US Federal Reserve's (Fed) rate hike cycle on signs of cooling inflation.

It was due to lower-than-expected US consumer price index (CPI) and producer price index (PPI) data.

Rakuten Trade expects Bursa to trend higher next week

Bursa Malaysia is likely to trade range-bound with upward bias next week, driven by continuous bargain hunting, a dealer said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) index is expected to trade in the range of 1,420-1,440.

Bursa seen range-bound with upward bias next week

KUALA LUMPUR (April 1): Interest for beaten down counters is set to boost Bursa Malaysia’s performance with the main index expected to trade within the 1,420-1,440 level next week, said Rakuten Trade Sdn Bhd.

Bursa Malaysia's main index set to trade within 1,420-1,440 level next week

Bursa Malaysia is likely to trend at the current level next week on cautious trading amid uncertainties in the global market due to lingering banking stability concerns.

Cautious trading expected on Bursa next week 

Bursa Malaysia is likely to see cautious trading next week, but the attractive valuations of some stocks on the local bourse may attract bargain hunters, said an analyst. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI had remained in an oversold position at the present level.

Bursa likely to see cautious trading in coming week, with Fed in focus

Bursa Malaysia is expected to trend higher next week amid easing inflationary pressure in the US and expectations for smaller interest rate hikes, said an analyst.

Bursa expected to trend higher next week

Bursa Malaysia is likely to trade sideways with a slightly upward bias within the 1,475-1,495 range next week. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investors will remain cautious due to increasing global market volatility.

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