Bursa Malaysia likely to be in consolidation mode from Monday (April 15) onwards

Bursa Malaysia News

Bursa Malaysia likely to be in consolidation mode from Monday (April 15) onwards
WeeklyRakuten Trade Sdn BhdThong Pak Leng
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KUALA LUMPUR : Bursa Malaysia is expected to be in consolidation mode from Monday , supported by strong fundamentals and attractive valuations.

"This suggests ongoing consolidation with a positive bias. As such, we anticipate the index to hover within the 1,538 to 1,570 range next week, with immediate support at 1,534, followed by 1,520. On the index board, the FBM Emas Index decreased by 5.36 points to 11,697.82, the FBM Top 100 Index declined by 11.82 points to 11,326.92, and the FBM Emas Shariah Index dipped by 3.11 points to 11,862.99.

The Financial Services Index climbed 32.38 points to 17,271.80, the Plantation Index was up by 10.60 points to 7,470.69, the Energy Index improved by 1.59 points to 969.09 and the Technology Index saw a slight increase of 0.44 of a point to 64.96.

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