News & Articles Malaysian market likely to continue upward momentum next week says report
Malaysian market likely to continue upward momentum next week says report
27 Dec 2015
KUALA LUMPUR: Bursa Malaysia is likely to continue its upward momentum next week, with bargain hunting expected to push up the local index.
Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said investors are expected to begin their pre-new year shopping in the last week of 2015.
"December and January are usually the seasonal buying months for stock market investors. With the oil prices starting to rebound, we expect some early buying for next year,"he told Bernama.
He said he expects the local bourse to trade at between 1,660 and 1,680 points next week."
Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said investors are expected to begin their pre-new year shopping in the last week of 2015.
"December and January are usually the seasonal buying months for stock market investors. With the oil prices starting to rebound, we expect some early buying for next year,"he told Bernama.
He said he expects the local bourse to trade at between 1,660 and 1,680 points next week."
Source: Thestar.com.my