Bursa Malaysia Expected to Trade Range-bound with Downside Bias Next Week Amid Global Market Volatility
TL;DR
Bursa Malaysia is likely to trade range-bound with a downside bias next week due to global volatility from US markets and domestic factors. However, Malaysia's economy remains solid with strong growth and domestic demand.
Bursa Malaysia is expected to trade within a narrow range with a downside bias next week due to heightened volatility in global markets. The market is driven by swings in US tech and Treasury yields, as well as domestic factors such as recent trade and inflation data and Bank Negara Malaysia's steady policy stance. Despite this, Malaysia's underlying macroeconomic backdrop remains fundamentally solid, supported by robust economic growth and strong domestic demand. Foreign investors have turned small net buyers, and Malaysia continues to see healthy demand in its bond market.