Bursa Malaysia seen to trend slightly higher

KUALA LUMPUR: Bursa Malaysia is expected to trend slightly higher this week, hovering within the 1,600-1,620 range, said an analyst.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) moved in a tight consolidation mode throughout the last week, but it managed to close above the 1,600 level for two trading days.