On a Friday-to-Friday basis, the FBM KLCI increased 14.43 points to 1,589.59 from last week’s 1,575.16. — Picture by Hari AnggaraKUALA LUMPUR, May 4 — Bursa Malaysia is expected to trade range-bound with an upside bias hovering within the range of 1,575 to 1,600 next week, said an analyst.
“Coupled with the upward trajectory of the 20-day EMA, this suggests that the benchmark index is still in consolidation mode with a positive bias,” he told Bernama.
On a Friday-to-Friday basis, the FBM KLCI increased 14.43 points to 1,589.59 from last week’s 1,575.16. For the holiday-shortened week, turnover declined to 16.10 billion units worth RM13.43 billion compared with 19.55 billion units worth RM14.43 billion in the preceding week.
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