Bursa Malaysia likely to improve on bargain-hunting from Monday (July 10) onwards

KUALA LUMPUR (Bernama): Bursa Malaysia will likely trade better with bargain-hunting activities to take the stage next week amid the 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.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said that although sentiment was cautious, there would be bargain-hunting activities because valuations of the FBM KLCI were really cheap, and, hence, the expectation of the benchmark index to trend higher.