Malaysian share prices are expected to retreat next week as the local bourse joins a regional correction, an analyst said Friday. 'We are looking at further consolidation next week. Today the region fell quite badly on concerns that China may tighten lending conditions,' Stephen Soo, technical analyst with local brokerage TA Securities, told selfnews. 'Prices have come up a lot in the region so naturally they are going into a profit-taking phase, and I expect the same here locally,' he said. Concerns that China's central bank may tighten monetary policy caused most regional bourses to decline on Friday. Soo said jobs data due out of the US later Friday could also have a negative effect on the Malaysian market. 'There should be more downward bias than upward bias next week, technically it is a bit overbought and we expect profit-taking to continue,' he said. For the week to August 7, the Kuala Lumpur Composite Index gained 9.98 points, or 0.85 percent, to close at 1,184.88. 