Bursa Malaysia expected to trend higher in 1,470-1,500 range from Monday (Jan 8)

KUALA LUMPUR (Bernama):Bursa Malaysia is expected to trend higher from Monday (Jan 8) moving in the 1,470-1,500 range on persistent optimism for the local bourse.

Rakuten Trade equity research vice-president Thong Pak Leng said fueled by favourable market indicators, the FTSE Bursa Malaysia KLCI (FBM KLCI) is forecast to remain above the 1,465 level for an extended period, a threshold it struggled to maintain several times last year.