Bursa Malaysia to trade with downside bias this week on lack of fresh catalysts

KUALA LUMPUR, May 14 (Bernama): The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to consolidate and trade with a downside bias this week in the absence of fresh catalysts.

Malacca Securities Sdn Bhd senior analyst Kenneth Leong expects the downside risk to be cushioned at the immediate support at 1,413, while the immediate resistance is at 1,437 followed by 1,450.