Bursa Malaysia to see cautious trading next week

KUALA LUMPUR: Bursa Malaysia is expected to continue to trade on a cautious tone next week, due to bearish market outlook mainly from the external front, but the key index will likely stay above the psychological 1,500 level, dealers said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investor sentiment was expected to remain soft in the short term weighed by external factors such as increasing market risks and volatility in global markets amid the potential interest hike by the US Federal Reserve (Fed).