Bursa Malaysia likely to trend higher this week; expected to trend between 1450 and 1480

KUALA LUMPUR, July 24 (Bernama): Bursa Malaysia is expected to continue its positive momentum this week on the back of improved market sentiment and risk appetite, as concerns about global inflation and recession have toned down, said an analyst.

Inter-Pacific Asset Management Sdn Bhd executive director and fund manager Datuk Nazri Khan Adam Khan said the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trend between 1,450 and 1,480 next week.