Bursa Malaysia likely to trend sideways during the week

KUALA LUMPUR: Bursa Malaysia is expected to trade sideways this week, with the benchmark FBM KLCI to move between the 1,460 to 1,480 level amid the uncertain regional performance, an analyst said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said technically, the FBM KLCI should see immediate support at 1,460 while resistance at 1,500.