KUALA LUMPUR, Sept 20 — Bursa Malaysia is likely to be bullish next week in the run-up to the Budget 2015, dealers said.

A dealer said the budget expectations were likely to trigger a pre-budget rally and power, healthcare, construction, oil and gas sectors would likely attract investor interests.

Affin Investment Bank vice president/head of retail research, Dr Nazri Khan Adam Khan, said the Budget 2015 (scheduled on Oct 10) and the impending launches 2014 biggest mega initial public offerings — 1Malaysia Development Bhd, Iskandar, Weststar and Carimin Bhd — should be market-positive.

“We expect these catalysts to attract foreign investor interest and foreign funds to spur Bursa Malaysia,” Nazri told Bernama.

As the global stocks rose sharply, he said, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) should make U-turn and rebound. For the week just-ended, the FBM KLCI fell by 6.15 points to 1,849.49 from 1,855.64 last Friday.

The Finance Index gained 2.08 points to 17,392.41. The Industrial Index fell 3.03 points to 3,209.40 and the Plantation Index declined 93.06 points to 8,397.72.

The FBM Emas Index was 47.29 points lower at 12,944.31, FBMT100 Index fell 43.43 points to 12,523.15, FBM 70 eased 56.19 points to 14,306.89 and the FBM Emas Shariah Index was 35.77 points easier at 13,198.81.

The FBM Ace gained 77.50 points to end the week at 7,255.61. For the holiday-shortened week, the weekly turnover fell to 8.84 billion shares valued at RM8.16 billion from 11.85 billion shares valued at RM10.11 billion recorded last week.

The market was closed on Tuesday for Malaysia Day. Main market volume dipped to 5.94 billion units worth RM7.59 billion from last week’s 8.43 billion units worth RM9.42 billion.

Warrants turnover declined to 106.56 million units valued at RM14.70 millio from 187.29 million units valued at RM24.95 million last week. The ACE market volume fell to 2.42 billion shares worth RM508.31 million from 3.20 billion shares worth RM658.68 million previously. — Bernama