The FTSE Bursa Malaysia KLCI (FBM KLCI) will most likely trend higher next week as the outcome of the European Leaders Summit is expected to be a favourable impact coupled with encouraging global economic data and local window dressing activities.
"We expect local stocks to continue gaining ground, despite lingering global uncertainties, as the local bourse had a reputation for being a defensive market during volatile times," said Dr Nazri Khan, Affin Investment Vice-President and Head of Retail Research.
He said as the market approached the first week of second half of the year, last minute window dressing was expected to sustain positive sentiment.
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