Bursa Malaysia is expected to stage a rebound from Monday onwards, moving on an upside bias following the resumption of normal trading activities after the Chinese New Year holiday-shortened trading week, dealers said.
Bursa Malaysia is expected to be muted in the Chinese New Year holiday-shortened trading week despite the FTSE Bursa Malaysia KLCI (FBM KLCI) finally breaking the stubborn 1,500 resistance on Friday, dealers said.
Bursa Malaysia is expected to trend higher this week amid easing inflationary pressure in the United States and expectations for smaller interest rate hikes, said an analyst.
KUALA LUMPUR: Bursa Malaysia ended the week in positive territory at its intraday high today, taking the cue from the improved performance of regional markets and optimism surrounding China’s reopening as well as the weakening of the US dollar, a dealer said.
KUALA LUMPUR: Bursa Malaysia ended today's trading session little changed as investors seemed reluctant to make more significant moves due to the absence of buying catalysts amid a better regional market performance, said a dealer.