Bursa Malaysia to consolidate sideways this week, says economist; should stay around 1,430 and 1,450 level

KUALA LUMPUR (Bernama): The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to consolidate sideways this week due to the weakening of the ringgit along with the Middle East tension and pressure from the global bond market rout.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said the benchmark index might move within a tight range of between 1,430 and 1,450 this week with relative strength in plantation stocks as the biggest movers.