Bursa Malaysia set to rebound next week on bargain hunting
newscatcher
2023-08-12 02:39
Bursa Malaysia set to rebound next week on bargain hunting
KUALA LUMPUR, Aug 12 ― Bursa Malaysia is expected to rebound amid bargain hunting activities next week, driven by improved risk appetite in the market post-election. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index is expected to trend sideways with an upside bias within the 1,450 and 1,470 range next week, with immediate resistance at 1,460 and support at 1,440. 'We believe that the trajectory of the FBM KLCI will be significantly influenced by the stability of the domestic political environment.

https://www.malaymail.com/news/money/2023/08/12/bursa-malaysia-set-to-rebound-next-week-on-bargain-hunting/84821

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