Bursa Malaysia to trend within the 1,570-1,600 points range and trading range-bound with upside bias this week


KUALA LUMPUR (Bernama): Bursa Malaysia is expected to remain range-bound with a slight upward bias this week, as investors await new catalysts to determine the market’s direction.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng sees the benchmark index maintaining its sideways pattern with a mild upward bias until fresh drivers emerge. "We anticipate the index to trend within the 1,570-1,600 points range next week, representing its support and resistance levels,” he told Bernama.

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