Bursa Malaysia seen trading between the 1,500 and 1,530 level this week, pending fresh catalysts


KUALA LUMPUR (Bernama): The FTSE Bursa Malaysia KLCI (FBM KLCI) is set to trade between 1,500 and 1,530 points from Monday (Feb 9) onwards, pending fresh market catalysts, said an analyst.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market attention is anticipated to revolve around several important economic indicators, such as China’s May consumer price index (CPI), producer price index (PPI), and its unemployment figures. Investors will also monitor the US CPI and PPI for May, and industrial output from the Eurozone for April.

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