Malaysian share prices are expected to edge upwards due to window dressing ahead of year-end holidays but trading volumes would remain thin, dealers said.
"The local bourse may trade higher next week on year-end window dressing activities by fund managers," said Pong Teng Siew, head of research at MIMB Investment Bank, a local brokerage firm.
"I think we can expect some last minute window-dressing," he said. For the week to December 21 the Kuala Lumpur Composite Index was up 0.15 points or 0.01 percent to 1,403.41. The bourse was closed Thursday for a Muslim festival.
Another analyst said trading would continue to remain thin.
"I expect trading to be quiet next week amid the traditional year-end holiday period," Ang Kok Heng, chief investment officer of Phillip Capital Management said.
Ang said investor confidence in the local bourse had improved after major central banks around the globe implemented the rescue plan aimed at easing the global credit crunch.
The analyst was referring to the European Central Bank's injection of 500 billion dollars into the financial system earlier this week. Average daily volume during the four-day trading period was 694 million shares valued at 1.45 billion ringgit (433 million dollars) compared to 678 million shares worth 1.50 billion ringgit in the previous week. It will also be closed on Tuesday for Christmas.
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