Bursa Malaysia to ride on Santa Claus rally next week


KUALA LUMPUR, Dec 27 (Bernama): Bursa Malaysia is expected to rebound strongly next week, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) set to test the psychological level of 1,700, amidst window-dressing activities and improved market sentiment.

Inter-Pacific Asset Management Sdn Bhd chief executive officer Datuk Dr Nazri Khan Adam Khan said the key index is poised to march into the new year on a high note, riding on the ‘Santa Claus’ rally as investors turn bullish towards year-end.

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