Bursa Malaysia to continue upward momentum this week

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local market valuations remained cheap compared to regional peers.“Hence we believe bargain hunting will continue while year-end window-dressing activities will provide some support to the market if any selldown occurs."

KUALA LUMPUR: Bursa Malaysia is expected to continue its positive momentum this week, tracking the uptrend in the regional markets amid the holiday season, with the benchmark index hovering in the 1,510-1,520 points range, says a dealer.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local market valuations remained cheap compared to regional peers.