GEORGE TOWN: The stock market outlook in Malaysia is expected to be bright this year, according to Rakuten Trade Sdn Bhd.

Head of research Kenny Yee said there were signs indicative of a positive direction.

“For example, the price of crude oil has improved to US$70 per barrel. The ringgit has strengthened to around RM4.10 from RM4.18 against the US dollar,” he said.

Yee was speaking at the market outlook seminar: What’s hot this year organised by Rakuten Trade on the island.

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