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Home Bursa Malaysia likely to improve on bargain-hunting next week

KUALA LUMPUR: Bursa Malaysia is likely to trade better with bargain-hunting activities to take the stage next week, given the solid corporate earnings and positive economic data.

Inter-Pacific Asset Management Sdn Bhd executive director and fund manager Datuk Dr Nazri Khan Adam Khan said the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trend higher within the 1,520-1,530 range next week.

Technically, the next resistance is at 1,530 and support at 1,480.

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