Bursa likely to trend higher in 1,470 to 1,500 range

KUALA LUMPUR: Bursa Malaysia is expected to trend higher this week, moving in the 1,470 to 1,500 range on persistent optimism for the local bourse.

Rakuten Trade equity research vice-president Thong Pak Leng said, fuelled by favourable market indicators, the FBM KLCI is forecast to remain above the 1,465 level for an extended period, a threshold it struggled to maintain several times last year.