Bursa Malaysia likely to trade range-bound with upside bias this week

KUALA LUMPUR: Bursa Malaysia is expected to trade range-bound with an upside bias hovering within the range of 1,575 to 1,600 points this week, says an analyst.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI continued its rally last week, supported by buying interest in heavyweights.