Bursa Malaysia seen as flat this week due to cautious sentiment

KUALA LUMPUR, May 8 (Bernama): Bursa Malaysia is expected to trade sideways from Monday (May 9) amid cautious market sentiments due to external factors, namely continued worries over aggressive monetary tightening by the US Federal Reserve going forward and a grim economic outlook forecast by the Bank of England (BOE).

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the local bourse would track global equities, which are expected to be volatile in the immediate term amid global monetary tightening.

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