Share prices on Bursa Malaysia are expected trend higher next week, backed by positive news from the internal and external fronts.
Dealers said selective buying in quality stocks by local and foreign fund investors would push up the market in line with its regional peers.
Among counters likely to attract players would be government-linked companies, a dealer said.
Affin Investment Bank Head of Retail Research Dr Nazri Khan said key market barometer FBM KLCI could hover in the 1,460-1,500 range after declining 4.31 points on a weekly basis to 1,477.51 from 1,481.82 despite a strong rebound on Friday.
Locally, he said, market fundamentals remained strong as growth indicators such as exports continued to be robust.
Malaysia recorded a trade surplus of RM9.63 billion in September with total trade rising by 14.9 per cent to RM107.73 billion.
In the US, the economy showed better recovery after job data by ADP National Employment Report revealed private firms added more jobs than expected last month.
Greece signalled it was willing to scrap plans for a contentious referendum on its bailout package and this had boosted sentiment, Nazri said.
"News on the Greek bailout referendum cancellation has also removed uncertainty in the market," he said.
The market was now awaiting an action plan for growth from the G20 Summit, he added.
Bursa Malaysia's Finance Index dropped 135.75 points to 13,284.84 this week while the Plantation Index rose 52.21 points to 7,546.89 and the Industrial Index lost 12.96 points to 2,701.7.
The FBM Emas Index declined 45.21 points to 10,072.15, the FBM70 Index went down 116.89 points to 10,842.76, the FBM ACE Index gained 126.99 points to 4,199.94 and the FBM Top 100 Index decreased 126.99 points to 9,890.64.
Total volume for the week increased 8.15 billion shares valued at RM7.22 billion from 6.033 billion shares worth RM7.1 billion previously.
The Main Market turnover rose 5.76 billion units valued at RM6.91 billion from 4.67 billion units worth RM6.94 billion.
Warrants slipped to 442 million units worth RM36.75 million from last week's 471.51 million units valued at RM30.04 million.
Volume on the ACE Market went up to 2.0 billion valued at RM257.73 million from 775.25 million units worth RM111.18 million. -- Bernama
Dealers said selective buying in quality stocks by local and foreign fund investors would push up the market in line with its regional peers.
Among counters likely to attract players would be government-linked companies, a dealer said.
Affin Investment Bank Head of Retail Research Dr Nazri Khan said key market barometer FBM KLCI could hover in the 1,460-1,500 range after declining 4.31 points on a weekly basis to 1,477.51 from 1,481.82 despite a strong rebound on Friday.
Locally, he said, market fundamentals remained strong as growth indicators such as exports continued to be robust.
Malaysia recorded a trade surplus of RM9.63 billion in September with total trade rising by 14.9 per cent to RM107.73 billion.
In the US, the economy showed better recovery after job data by ADP National Employment Report revealed private firms added more jobs than expected last month.
Greece signalled it was willing to scrap plans for a contentious referendum on its bailout package and this had boosted sentiment, Nazri said.
"News on the Greek bailout referendum cancellation has also removed uncertainty in the market," he said.
The market was now awaiting an action plan for growth from the G20 Summit, he added.
Bursa Malaysia's Finance Index dropped 135.75 points to 13,284.84 this week while the Plantation Index rose 52.21 points to 7,546.89 and the Industrial Index lost 12.96 points to 2,701.7.
The FBM Emas Index declined 45.21 points to 10,072.15, the FBM70 Index went down 116.89 points to 10,842.76, the FBM ACE Index gained 126.99 points to 4,199.94 and the FBM Top 100 Index decreased 126.99 points to 9,890.64.
Total volume for the week increased 8.15 billion shares valued at RM7.22 billion from 6.033 billion shares worth RM7.1 billion previously.
The Main Market turnover rose 5.76 billion units valued at RM6.91 billion from 4.67 billion units worth RM6.94 billion.
Warrants slipped to 442 million units worth RM36.75 million from last week's 471.51 million units valued at RM30.04 million.
Volume on the ACE Market went up to 2.0 billion valued at RM257.73 million from 775.25 million units worth RM111.18 million. -- Bernama
