Bursa Malaysia set to rebound this week

TradeView Capital's Ng opined that investors are positive on the government’s efforts to rationalise subsidy and embark on fiscal consolidation.

KUALA LUMPUR: Bursa Malaysia is expected to rebound amid bargain-hunting activities this week, driven by improved risk appetite in the market post-Budget 2024.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said he is expecting the FBM KLCI to do an oversold rebound and remain on the ascend, climbing past the 1,440 level to retest the 1,450 level this week.