Bursa Malaysia to trade range-bound with upward bias this week

The national news agency quoted Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng as saying sentiment on the local bourse is expected to remain cautious amid volatility surrounding the global markets. However, the domestic market would continue to be supported by the likely year-end window dressing activities.

KUALA LUMPUR: Bursa Malaysia is expected to trade range-bound with an upside bias this week, with the benchmark index to hover between 1,490 and 1,510, according to Bernama.

The national news agency quoted Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng as saying sentiment on the local bourse is expected to remain cautious amid volatility surrounding the global markets. However, the domestic market would continue to be supported by the likely year-end window dressing activities.

“Selling pressure across the region amid the heightened volatility will have a negative impact on our market sentiment.