Bursa Malaysia seen consolidating next week within 1,600-1,630 range as market consolidates

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the outlook remains cautiously optimistic, with selective bargain hunting for fundamentally sound blue-chip stocks expected to support the local market.

“The benchmark index has demonstrated resilience around 1,600 this week, although a sustained move above the 1,620 level may prove challenging without stronger buying participation.

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