Bursa to trade range-bound on cautious sentiment

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the benchmark FTSE Bursa Malaysia FBM KLCI is anticipated to hover within the 1,515-1,530 range, with immediate resistance at 1,530 and support at 1,500.

KUALA LUMPUR: Bursa Malaysia is expected to trade range-bound this week as investor sentiment is likely to remain cautious due to market volatility with the key index moving in a tight range, an analyst said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the benchmark FTSE Bursa Malaysia FBM KLCI is anticipated to hover within the 1,515-1,530 range, with immediate resistance at 1,530 and support at 1,500.