Bursa Malaysia likely to move range-bound between 1,500 and 1,530 this week

KUALA LUMPUR, July 18 (Bernama): The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is anticipated to trade range-bound next week between 1,500 and 1,530 on continuation of rotational play due to lack of clear catalyst.

Rakuten Trade Sdn Bhd head of equity sales Vincent Lau said the market would likely see more bargain hunting as it almost touched the support level of 1,500 during the week.