KUALA LUMPUR: Bursa Malaysia stands to gain from window-dressing activities as funds look to end the first half of the year on a more positive note, while an optimistic development in US banks could also boost investor confidence.
Overnight, all 23 of the US banks included in the Federal Reserve's annual stress test showed they were able to maintain minimum capital levels in a severe recession scenario.
The resilience of the lenders sent the Dow Jones up 0.8% and the S&P500 rising 0.45% while the Nasdaq was little changed.
Following the gains in the previous session on Wednesday, Malacca Securities Research said the local bourse could be poised for further rebound.
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