Share prices on Bursa Malaysia are expected to trade higher next week amid anticipation of positive news from the key announcement by the government.

Jupiter Securities head of research, Pong Teng Siew, said the market was awaiting the announcement of the details of the Economic Transformation Programme (ETP) and the Entry Point Projects (EPPs).

'Besides that, there is also 2011 Budget on Oct 15, 2010, which may come up with more goodies.

'So, for the next few weeks there are (enough) positive news to spur the market to move upwards,' he told Bernama.

However, Pong cautioned that if the ETP and EPP were not up to expectations, there could be some pull back from investors.

Besides the EPPs, the Performance Management and Delivery Unit (Pemandu) is also expected to reveal on Sept 21, 2010 the business opportunities available.

'The results of the extensive collaboration with the private sector will be revealed to the business community and the public,' said an invitation from Pemandu to its Open Day on ETP on Tuesday.

Through a series of workshops and laboratories with the collaboration of the private sector, Pemandu has indentified 12 National Key Economic Areas and mapped out concrete strategies, plans and initiatives to transform the nation into high-income economy that is sustainable and inclusive.

Other positive impetus were the strengthening of the ringgit and the announcement of the Basel III guidelines for the banking sector.

OSK Research said the FBM KLCI's near-term technical outlook would be bullish.

On Thursday-to-Friday basis, the FBM KLCI rose by 29.19 points to close at 1,466.97 from 1,473.78 last Thursday.

The FBM Emas Index increased 207.58 points to 9,804.62, FBM100 Index widened 203.98 points to 9,594.03 and the FBM Ace Index jumped 99.41 points to 3,880.06.

The Finance Index surged 342.9 points to 13,375.26 and Plantation Index gained 95.21 points to 6,855.23.

The Industrial Index, however, declined 27.71 points to 2,787.92.
The market was closed for Hari Raya last Friday.

The weekly turnover rose to 3.575 billion shares worth RM7.460 billion from 2.442 billion shares worth RM4.493 Billion last Thursday.

The main market turnover increased to 2.891 billion units valued at RM7.316 billion from 2.022 billion units valued at RM4.421 previously.

The Ace market volume jumped to 307.57 million shares worth RM48.627 million from 248.967 million shares worth RM35.592 million last Thursday.

Warrants climbed to 343.327 million units valued at RM67.835 million from 153.841 million units valued at RM22.533 million previously. -- BERNAMA