Bursa’s main index set to trade within 1,420-1,440 level next week

KUALA LUMPUR – Interest for beaten down counters is set to boost Bursa Malaysia’s performance with the main index expected to trade within the 1,420-1,440 level next week, said Rakuten Trade Sdn Bhd.

Its equity research vice president, Thong Pak Leng, said valuations of Malaysian equities remained cheap, which presents opportunities for investors to bargain hunt stocks at a lower level.

“Additionally, we expect the overall outlook in the mid-term to be positively buoyed by improving economic conditions,” he said.