Cautious sentiment to weigh on Bursa next week

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said foreign investors would likely be very selective over their asset allocation, given the prospect of lower US interest rate coupled with the possible escalation of the US-China trade war.

KUALA LUMPUR: The downtrend momentum on Bursa Malaysia will likely continue next week with investors staying cautious as worries over global trade dispute return, a dealer said

He said as the corporate earnings season has come to an end, external developments, especially on trade, would have a major influence in the trading pattern.