Malaysian share prices are expected to see volatile trading next week as investors look for any gains to sell their stocks amid an uncertain outlook for regional markets, analysts said Friday.
"The market has made good progress in its recovery process but volatility will remains a key market feature in the interim," said Danny Oh, a senior analyst from Mercury Securities.
Oh said investors would still be cautious despite a rebound this week. The market had previously suffered six consecutive days of sharp losses in line with a global sell-off before recovering on Tuesday. "Players are likely to stay cautious and looking for rebounds to clear or reduce positions which will continue to cap the upside," Oh said.
Among factors that will influence the market are the yen/US dollar exchange rate and a further shakedown in the major overseas markets. For the week ending March 9, the Kuala Lumpur stock exchange composite index gained 24.15 points or 2.07 percent to 1,188.83.
Average daily volume for the week was 2.31 billion shares valued at 2.75 billion ringgit (785.71 million dollars), down from 2.959 billion shares worth 3.676 billion ringgit a week ago.
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