OVERSOLD position and bargain hunting, which are arguable for a short-term technical rebound, are expected to lift shares on Bursa Malaysia this week, an analyst said.
Affin Investment Bank head of retail research Dr Nazri Khan said the FBM KLCI would rebound mildly higher this week and looked poised to test the 1,560-level, helped by more bargain hunting on the past two weeks' oversold situation.
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