Rakuten Trade sees minor window dressing this year, year-end target at 1,630 points

PETALING JAYA: Rakuten Trade forecast Bursa KLCI to end at 1,630 supported by minor window dressing activities.

“In addition, the current season earnings have been positive to support that outlook,“ its head of research Kenny Yee said at a media briefing today.

On the currency front, the research house sees the ringgit to end the year at 4.10-4.15 range against the US dollar.

“We expect the ringgit to test the 4.00 level against the dollar,“ Yee said.

source https://www.thesundaily.my/business/rakuten-trade-sees-minor-window-dressing-this-year-year-end-target-at-1630-points-YX1617515