Upward momentum on Bursa Malaysia to spill over next week


KUALA LUMPUR, May 16 (Bernama): The upward momentum on Bursa Malaysia is expected to spill over the next week, with its key index inching towards the 1,600-psychological level as investors return from their long holiday break and nibble on cheap value stocks.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim expects the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to move within the range of between 1,580 and 1,600 points next week.

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