FBM KLCI expected to stay in 1,610-1,630 range with upside bias next week

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FBM KLCI expected to stay in 1,610-1,630 range with upside bias next week
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KUALA LUMPUR, June 8 — The Composite Index (CI) of Bursa Malaysia is expected to be rangebound with an upside bias next week, moving in the 1,610-1,630 points range. Rakuten...

KUALA LUMPUR, June 8 — The Composite Index of Bursa Malaysia is expected to be rangebound with an upside bias next week, moving in the 1,610-1,630 points range.

“Despite the potential for profit-taking, the overall buying momentum remains intact, suggesting a steady performance for the index within the specified range. The FBM Emas Shariah Index advanced 261.17 points to 12,653.53 and the FBM ACE Index climbed 187.75 points to 5,577.32. For the week just ended, turnover dropped to 19.82 billion units worth RM15.89 billion against 26.03 billion units worth RM22.25 billion in the preceding week.

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