Positive shift in sentiment to lift KL shares


09/02/2014 10:02 AST

After posting a net loss of 113 points over the last six weeks, the FTSE Bursa Malaysia KLCI (FBM KLCI) will likely rebound further next week, tracking more upswings in Wall Street, Europe and Asian regional indices.

Affin Investment Bank vice-president and head of retail research Dr Nazri Khan expected the bullish performance on Bursa Malaysia next week to be driven by positive US economic data, relief in the emerging market currencies and the FBM KLCI’s successful break above the 1,800-point level at closing on Friday.

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