What to expect on Bursa Malaysia on Friday
BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Malaysian equities mounted a solid bounce yesterday as bargain hunting activities picked-up pace, particularly from foreign sources.
As it is, market sentiments improved due to the easing contagion fears from Evergrade’s debt issues and the US Federal Reserve’s reiteration of its easy monetary policies.
This also allowed market players to cast aside the lingering concerns over the potential introduction of new taxes. As a result, the gains were broad-based with gainers well ahead of losing stocks for the day.
We see the near-term gains sustaining into the end of the trading week as the market continues to rebound from its bout of oversold.
The economic re-opening theme would also remain in play and