Modest rebound seen for Bursa this week due to selective bargain hunting as Malaysia play host to Asean Summit


KUALA LUMPUR (Bernama: The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to see a modest rebound this week on continued bargain hunting after recent losses as Malaysia play host to the Asean Summit.

Mohd Sedek Jantan, UOB Kay Hian Wealth Advisors Sdn Bhd’s head of investment research, said the recovery would likely be limited, driven by domestically focused sectors that stand to benefit from consumption-led growth and ongoing fiscal support.

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