Bursa Malaysia likely to see cautious trading; investors anxiously waiting for economic reports including from China

KUALA LUMPUR (Bernama): Trading in Bursa Malaysia will likely be cautious this week pending the release of several economic reports, including the European unemployment rate, China’s Caixin Manufacturing PMI and the US jobless claims data.

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