KUALA LUMPUR, Oct 16 — Bursa Malaysia’s outlook for next week remains bullish, anchored mainly by foreign funds, according to analysts.
“Such trend is in tandem with the further reopening of the economy following the lifting of interstate travel ban commencing on Monday. Hence, he said, the FTSE Bursa Malaysia could once again attempt to breach the psychological 1,600-point level in light of the positive vibes. Crude oil prices inched closer to the US$85-per-barrel mark, while physical CPO price is hovering above RM5,000 per tonne.
Sector-wise, the Financial Services Index shot up 492.90 points to 15,705.46, the Industrial Products and Services Index edged up 3.48 points to 212.94, and the Energy Index bagged 54.31 points to 845.37.
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