KUALA LUMPUR: Bursa Malaysia is expected to continue to head north this week, supported by positive local and global economic developments, with the benchmark index seen hovering within the 1,530-1,550-point range, a dealer said.

       Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng sees the buying momentum continuing going forward as foreign funds continue to flow into the region while valuations on the local market remain attractive compared to regional peers.

       “Hence, we anticipate the FBM KLCI to hover within the range of 1,530-1,550. From the technical point of view, we see strong immediate support at 1,520 and resistance at 1,550,” he said. — Bernama