Bursa Malaysia likely to trade higher from Monday (July 15) onwards; expected to hit 1,630 level

KUALA LUMPUR (Bernama): Bursa Malaysia is expected to trade higher from Monday (July 15) on persistent optimism for the local bourse, according to analysts.

UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the bulls are believed to still have the upper hand over the next couple of weeks, as long as the FTSE Bursa Malaysia KLCI (FBM KLCI) remains above the flag resistance turned support at 1,603.