KUALA LUMPUR: Bursa Malaysia is expected to continue its volatile trading mode with a downside bias next week, as political uncertainty persists in the local landscape.
An analyst said the FTSE Bursa Malaysia KLCI (FBM KLCI) had reached the lowest level since December 2011, with a bearish harami pattern prevailing which marked a further downward momentum.
"This was due to the high level of foreign outflow as well as the exit of retail investors from the market. Without any strong local policy or the return of political stability, it would be hard for the market to rebound in the near term, ” she said.
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