Bursa Malaysia seen range-bound this week as macro data in focus

KUALA LUMPUR (Bernama): Bursa Malaysia is expected to trade sideways from Monday (July 14) week, with the index’s bullish momentum likely dependent on key macroeconomic data from China and the United States (US).

UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said investors would closely monitor upcoming data from China, particularly June trade figures and second-quarter gross domestic product (GDP).