KUALA LUMPUR: The FTSE Bursa Malaysia KLCI is expected to stage a rally this week on optimism the current government will retain power post-general election, positive reversal in commodity prices, firm regional stock sentiment and strong performance of the ringgit following the influx of foreign funds, a dealer said.
Affin Investment Bank vice-president/head of retail research Dr Nazri Khansaid as of last week, Malaysia's equity market attracted RM13.1bil of foreign funds in the open market in less than four months compared with RM13.7bil for the whole of 2012.
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