KUALA LUMPUR: Trading activities on Bursa Malaysia may turn cautious following last Friday's mixed performance in the US, according to Rakuten Trade.
Hence, the firm expects the key FBM KLCI index to hover within the 1,470-1,480 range today.
Rakuten Trade reckons that technology-related counters may face with some headwinds today on higher US treasury rate.
FBM KLCI rebounded on Friday as bargain hunting emerged mostly in banking and energy stocks after a three-day sell down.
The benchmark index gained 0.68 per cent or 9.95 points to close at 1,474.59.
Gainers were led by Hong Leong Bank Bhd, Petronas Gas Bhd and Hong Leong Financial Group Bhd.
However, market breadth was negative with 540 losers against 403 gainers while another 403 counters remained unchanged.
Total volume stood at 4.08 billion shares valued at RM2.50 billion.