Bursa Malaysia likely to be muted next week as sentiment remains soft

KUALA LUMPUR, Feb 4 (Bernama): Bursa Malaysia is expected to be muted in the upcoming holiday-shortened trading week as investor sentiment is likely to remain soft for the time being due to external factors, although bargain hunting may prevail given the attractive valuations.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said, on this backdrop, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to trend sideways, with a slight bias towards positive within the 1,485 to 1,500-level for next week.