Upbeat outlook for Bursa this week, CI may retest 1,600 key level

KUALA LUMPUR, Oct 23 (Bernama): Bursa Malaysia’s outlook is expected to remain positive next week due to attractive valuations and continuous strong foreign inflow, despite some profit-taking seen in the week just ended.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said profit-taking that emerged in the previous two days presented a good opportunity for bargain hunting.