BERITA

Bursa Malaysia expected to climb to 1,480 level next week

KUALA LUMPUR, Nov 18 ― Bursa Malaysia’s barometer index is set to test the 1,480 level next week riding on bullish year-end seasonalities and global equities strength.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Nazri Khan said the expectation of a pause in the interest rate hike due to the cooling US inflation data is also expected to continue boosting risk appetite for stocks.

“The more benign inflation readings will fuel speculations that central banks including the US Federal Reserve (Fed), the European Central Bank, and the Bank of England have finished raising rates,” he told Bernama.

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