Bursa to trade range-bound with upside bias this week

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the benchmark FBM KLCI is likely to trade within the 1,595 to 1,610 range this week, with immediate resistance at 1,620, and support at 1,590.

KUALA LUMPUR: Bursa Malaysia is expected to trade range-bound with an upside bias this week, despite the anticipation of profit-taking following the recent rally, a dealer said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the benchmark FBM KLCI is likely to trade within the 1,595 to 1,610 range this week, with immediate resistance at 1,620, and support at 1,590.