Bursa Malaysia is likely to trend higher next week on improved sentiment including Bank Negara's overnight policy rate (OPR) cut, rebound in oil prices, global bank stimulus and a stronger currency.
Affin Hwang Investment Bank Vice-President and Retail Research Head, Datuk Dr Nazri Khan Adam Khan said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was ready to stage further upside if the ringgit and commodities continued to strengthen.
He said the local bourse should be catalysed by Bank Negara's unexpected move to reduce the OPR to 3.00 per cent from 3.25 per cent.
"The index should be bullish with the rate cut although the broad market is slow to react.
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Affin Hwang Investment Bank Vice-President and Retail Research Head, Datuk Dr Nazri Khan Adam Khan said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was ready to stage further upside if the ringgit and commodities continued to strengthen.
He said the local bourse should be catalysed by Bank Negara's unexpected move to reduce the OPR to 3.00 per cent from 3.25 per cent.
"The index should be bullish with the rate cut although the broad market is slow to react.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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