Markets
KLCI’s bullish trend intact
Cheah Chor Sooi | 12 May 2017 00:30
Market sentiment on Bursa Malaysia is widely expected to retain its bullish undertone on the medium to long term despite hitting a snag as a result of the Bandar Malaysia acquisition debacle recently.

The immediate external push would be Wall Street’s spate of record-breaking feats. For the week ended May 5, the S&P 500 firmed 9.77 points or 0.41% to 2,399.29 to post its first record close since March 1.

The Nasdaq Composite Index also saw a record finish, rising 25.42 points or 0.42% to 6,100.76 while the Dow Jones Industrial Average advanced 55.47 points or 0.26% to end at 21,006.94, its first close above the 21,000 mark since early March.

The outcome of the French presidential election which saw a win by centrist Emmanuel Macron who favours keeping France inside the European Union, is likely a bright spark for the US stock market, especially in the quest to further scale new heights.