Bursa Malaysia set to rebound this week on bargain hunting, says economist

KUALA LUMPUR (Bernama): Bursa Malaysia is expected to rebound amid bargain-hunting activities this coming week driven by improved risk appetite in the market post-Budget 2024.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said he is expecting FBM KLCI to do an oversold rebound and remain on the ascend, climbing past the 1,440 level to retest the 1,450 level next week as foreign funds make a comeback and the market is on a good run.