Bursa Malaysia to trade between 1,550 and 1,590 this week


KUALA LUMPUR, May 23 (Bernama): Bursa Malaysia will likely continue to see high volatility in trading thiweek, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) expected to trade in the range of 1,550 to 1,570 points with a downside bias.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said trading activities might be muted or slow in the coming days as it would be another holiday-shortened week. The local bourse will be closed on Wednesday in conjunction with the Wesak Day holiday.

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