Local bourse has bright spots

THE local bourse is perceived as being more resilient and defensive compared with other markets, and is likely to be range-bound next week, say fund managers who also advocate that retail investors should take the opportunity of price weakness to buy value stocks.

Rakuten Trade head of equity sales Vincent Lau says that next week, the sentiment on the local bourse would continue to be jittery as investors continue to track movements on Wall Street.