Bursa Malaysia is expected to remain on an upward trajectory next week.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng anticipated the buying momentum on the local market to continue next week although profit-taking may prevail as well.
"Foreign funds are likely to keep buying in the region given the attractive valuations of the regional markets and the expectation of better economic growth,” he told Bernama.For the week just ended, the FBM KLCI traded mostly higher and showcased an impressive performance, buoyed by strong buying support from local institutions and foreign funds.
On the index board, the FBM Emas Index increased 204.14 points to 10,652.93, the FBMT 100 Index rose 209.82 points to 10,341.18, the FBM Emas Shariah Index added 158.25 points to 10,905.20, the FBM 70 Index gained 59.03 points to 13,935.32, while the FBM ACE Index eased 8.26 points at 5,321.33. Weekly turnover increased to 18.03 billion units valued at RM10.93 billion from 13.75 billion units valued at RM8.08 billion in the preceding trading week.
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