Malaysian share prices are expected to trade slightly higher in the week ahead after a period of rangebound activity, although volatility is expected to continue, dealers said.
"For most of the week, the trading environment was mixed and volatile, resulting in the key index flip-flopping between the negative and positive territories," said Victor Wan, a senior analyst at Mercury Securities.
He said, however, the rangebound trade "was well within our expectation as the key index looks to form a base" after a 4.5 percent fall in August.
"The market stability is also an indication that the worst could be over for now," Wan said, although he noted fresh buying was still hard to come by.
For the week ending September 16, the composite index gained 4.07 points or 0.44 percent to 921.99.
Average daily volume was 445.30 million shares valued at 627.16 million ringgit (166.38 million dollars) compared 340 million shares valued at 597 million ringgit in the previous week.
Malaysia's Securities Commission on Thursday relaxed investment rules, allowing investors to invest overseas and foreign stocks and bonds to be listed in the country.
Wan said it was "a step in the right direction".
At the close on Friday, the ringgit was at 3.7695 to the US dollar and 4.6199 to the euro.
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