Bursa Malaysia to trade cautiously next week with upbias

On the local front, he said Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting, which is suggesting a combination of external and internal factors at play, would also weigh on local sentiment next week. The sixth and last MPC meeting for the year is scheduled on Nov 5.

KUALA LUMPUR: Bursa Malaysia is likely to trade in a cautious mode, with the key index tending to skew higher at between 1,560 and 1,610 points influenced by external factors, especially developments on the trade deal between the US and China.

AxiTrader Asia Pacific market strategist Stephen Innes said market players would closely watch the updates on phase one of the trade deal, which is widely expected to be signed during the Asia-Pacific Economic Cooperation (APEC) summit in Chile on Nov 16-17.