Malaysian shares likely to make gains

Malaysian share prices are expected to make gains amid strong market sentiment in the US and China, analysts said Friday. "If China and Hong Kong do not correct further, based on the positive economic signals from the US, Malaysian stocks look to gain next week," said Stephen Soo, a technical analyst with local brokerage TA Securities.
"Earlier this week, we saw a correction in (the) local market as a result of dips in the US but it was holding steady by midweek following better economic numbers from China," he added. "A concern now is the low trading volume which really needs to increase in order to stabilise the market and to see a greater basis for positive sentiment."