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Bursa Malaysia likely to trend higher next week

KUALA LUMPUR, Oct 28 — The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trend higher towards the 1,450 level next week on the back of higher Malaysian producer price index (PPI) data in September.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said the volume on Bursa Malaysia is doing great as the earnings season has kickstarted and many companies are doing well.

“We can foresee global sentiment improving after falling in the last couple of days and the interest rate is not likely to be a major catalyst next week after the European Central Bank (ECB) held the rate steady,” he told Bernama.

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