Malaysian share prices are expected to see volatile trade in the coming week as investors are likely to react quickly to changes in the market, analysts said. "The technical prognosis remains positive but the trading pattern is expected to remain volatile as players are quick to react to emerging developments," said Danny Oh, senior analyst at Mercury Securities.
Oh said trading would continue in the fashion of the past week, when the market swung from "between a rally and a retracement with more privatisation deals and results season hitting the headlines."
He added that trading had become uncertain due to the sharp swings in stock prices. For the week ended May 18, the Kuala Lumpur composite index gained 5.39 points or 0.40 percent to 1,356.84.
Average daily volume declined to 1.18 billion shares with a value of 2.20 billion ringgit (647.06 million dollars) from 1.42 billion shares worth 2.56 billion ringgit a week earlier.
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