Bursa Malaysia likely to stage rebound this week

KUALA LUMPUR, Jan 29 (Bernama): Bursa Malaysia is expected to stage a rebound from Monday (Jan 30) onwards, moving on an upside bias following the resumption of normal trading activities after the Chinese New Year holiday-shortened trading week, dealers said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that during the week, the local bourse was stuck in a consolidation mode as sentiments were still cautious from the lack of buying catalysts despite the persistent buying from local institutions and retail investors.