Bursa Malaysia is likely to stage a strong rebound with the key index breaching the 1,700-psychological level next week. — Picture by Firdaus Latif
“We have seen the comeback of net foreign buying in a more consistent basis in these couple of weeks, which could help stabilise the local stock market,” he told Bernama. “Thus, our upside view is enhanced, with current support and resistance levels now pegged at 1,660 and 1,700-level, respectively,” he said, adding that consumer and construction stocks would be in focus for next week’s trading.
Weekly turnover swelled to 14.56 billion units worth RM10.22 billion from 9.47 billion units worth RM8.73 billion last week.
Source: News Formal (newsformal.com)
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