KUALA LUMPUR: Bursa Malaysia is expected to see cautious trading this week, with the FBM KLCI set to fluctuate between 1,580 and 1,600 points, says an analyst.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market players will likely focus their attention on the construction, utilities and technology sectors, given the recent positive sentiment and developments here.
He said the outlook for the equity market remains uncertain following the United States-China trade war.
“Traders may want to be careful and take a wait-and-see approach before making their next move,” he told Bernama.
SPI Asset Management managing partner Stephen Innes said Bursa Malaysia headed into the weekend riding a wave of optimism.
This was buoyed by “trade war lite” expectations and a broader bounce in Asian sentiment, thanks in part to the artificial intelligence or AI-fuelled tech frenzy ignited by DeepSeek.
But while sentiment remains cautiously upbeat, the balance of risks still hinges squarely on US trade policy, with the ultimate wildcard being how aggressive US president Donald Trump goes on China.
