KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is expected to trend higher next week, tracking the bullish outlook on the cash market.
Phillip Capital Management senior vice president (investment) Datuk Dr Nazri Khan Adam Khan said, the boost from a strong Wall Street close is expected to help the local market and Asian market trade more firmly the following week.
The investor sentiment has shored up on positive sentiment in Hong Kong and US-China trade negotiations scheduled for next month and there are indications that the index could climb higher from the technical analysis perspective.
The market will be closed on Monday for the Yang di-Pertuan Agong’s birthday. – BERNAMA