Bursa Malaysia is likely to trend lower next week amid cautious market sentiment as investors are concerned about the bearish economic outlook, an analyst said.

Bursa likely to trend lower next week amid cautious market sentiment

Optimism about the outlook for US interest rates and China’s improving economic prospects are set to drive Bursa Malaysia higher next week.

Bursa seen higher in coming week on continued bullish sentiment

Bursa Malaysia is expected to continue to trade in cautious mode next week with investors concerned about the bearish economic outlook, said a trader.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said local market investor sentiment may turn cautious in the short term due to heightened volatility in the regional market.

Bursa expected to trade in cautious mode next week

Bursa Malaysia is expected to continue its positive momentum next week although there might be some profit-taking activities, said a trader.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said he was cautiously optimistic given the improvement in the local market sentiment and the return of foreign funds.

Bursa expected to continue upward momentum next week

Trading on Bursa Malaysia will likely be cautious next week pending the release of several economic reports, including the European unemployment rate, China’s Caixin manufacturing purchasing managers index, and US jobless claims data.  

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said that as for the local bourse, support for the benchmark index is expected to stay strong, and reckoned the performance of the FBM KLCI to remain steady given the cheap valuations of local stocks, the persistent inflow of foreign funds, and increasing participation by retail investors.

Bursa expected to see cautious trading next week

Asian stocks were set to follow a selloff on Wall Street, with bond yields rising as traders comb through remarks from a slew of Federal Reserve officials and await Jerome Powell’s speech for clues on the interest-rate outlook.

Equity futures for Japan, Hong Kong and Australia pointed to declines after the S&P 500 almost wiped out its weekly advance, while losses in the Nasdaq 100 topped 2%. Treasury two-year yields, which are more sensitive to imminent policy moves, climbed above 5%. The greenback advanced against all of its G-10 peers on Thursday (Aug 24), with the Australian and New Zealand dollars falling the most in more than three weeks.

Asian stocks to follow US drop before Powell speech

Bursa Malaysia is expected to trend higher next week, with cheaper valuations of local stocks after profit-taking activities during the past two trading days set to attract more foreign investors into the market.

Bursa expected to trend higher next week on cheaper valuations

Bursa Malaysia is expected to have a positive trend next week and continue to recover, thanks to an increase in investors’ optimism and a positive outlook for both the local and regional markets, a dealer said.

Bursa to continue recovery momentum next week, say analysts

Bursa Malaysia is expected to remain on an upward trajectory next week on improving market sentiment and substantial support from foreign funds.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng anticipated the buying momentum on the local market to continue next week although profit-taking may prevail as well.

Bursa expected to maintain upward trajectory next week

Bursa Malaysia is expected to continue trending positively and further recover due to improving investors' sentiment, despite the cautious mode ahead of global monetary policy decisions, a dealer said.

Bursa expected to remain positive despite cautious mode next week

Bursa Malaysia is expected to continue its recovery momentum next week driven by a bullish outlook on the local and regional market, a dealer said.

Bursa expected to continue on recovery momentum next week

Bursa Malaysia will likely trade better with bargain-hunting activities to take the stage next week amid cautious mode as investors closely monitor the upcoming US inflation data, speeches from numerous US Federal Reserve (Fed) officials, and earnings announcements by US banks.

Bursa likely to improve on bargain-hunting next week

Bursa Malaysia is expected to trade in cautious mode next week as investors will be focusing on the upcoming Bank Negara Malaysia’s overnight policy rate (OPR) decision during the Monetary Policy Committee’s (MPC) fourth meeting scheduled on July 5 and 6.

Bursa expected to see cautious trading ahead of OPR decision

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.

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