Bursa Malaysia likely to improve on bargain-hunting this week

KUALA LUMPUR, Dec 5 (Bernama): Bursa Malaysia is likely to trade better with bargain-hunting activities to take the stage next week, given the cheap valuations of the local equity market.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng anticipated the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to trade between 1,500 and 1,520 next week.