Analysts and fund managers growing bullish

PETALING JAYA: Analysts and fund managers are increasingly bullish on the shock victory by the Opposition coalition Pakatan Harapan (PH), and while they expect a knee-jerk selldown in the market this coming Monday, the FBM KLCI will increasingly turn positive as more clarity emerges.

Some feel the market can end higher in less than a month, while others feel it could take longer. The consensus view, though, is that a new government which promises reforms is positive for the market.