Bursa Malaysia to trade with upside bias next week

KUALA LUMPUR, July 11 (Bernama): Bursa Malaysia is likely to trade with an upside bias next week extending this week’s gains, on a strong follow-through buying momentum, said an analyst.

Maybank Investment Bank senior chartist Nik Ihsan Raja Abdullah said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed the week on a firmer note and recouped all the losses since the start of the year, recording 1.73 per cent year-to-date (y-t-d) gains.