Bursa Malaysia likely to trade higher next week

KUALA LUMPUR, March 6 (Bernama): The FBM KLCI is likely to trade higher next week on the back of energy and finance counters due to stronger oil prices and Bank Negara Malaysia’s decision to keep the Overnight Policy Rate (OPR) at 1.75 per cent, according to an analyst.

Axi chief global market strategist Stephen Innes said the benchmark index would likely trade between 1,580 and 1,610 next week, well supported by banking stocks that benefited from the recent decision by the central bank at its second Monetary Policy Committee meeting.