Bursa Malaysia to trade in tight range next week

Bursa gallery two

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade in a tight range of between 1,525 and 1,535 next week, with the fiscal stimulus package by the government to be the focus among local traders.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said at the global market level, foreign investors would likely remain guarded in view of the economic uncertainties, largely impacted by the Coronavirus (Covid-19) outbreak.