KUALA LUMPUR, Sept 17 — Bursa Malaysia is expected to trade sideways next week, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to move between the 1,460 to 1,480 level...
KUALA LUMPUR, Sept 17 — Bursa Malaysia is expected to trade sideways next week, with the benchmark FTSE Bursa Malaysia KLCI to move between the 1,460 to 1,480 level amid the uncertain regional performance, an analyst said.
“FBM KLCI started the week slightly higher with energy and banking stocks leading the gainer,” he said. “The negative sentiment spike market volatility and pushed FBM KLCI to close lower with the regional market,” he said. “As the Malaysian market closed for Malaysia Day, any surprise data might less impact. Overall, the market will remain cautious for next week,” he said.
For the index board, the FBM Emas Index was down by 153.64 points to 10,474.58, the FBMT 100 Index lost 160.80 points to 10,214.65, the FBM Emas Shariah Index decreased 114.66 points to 10,578.82, the FBM ACE was 24.73 points lower at 4,833.75 and the FBM 70 erased 29.24 points to 12,727.58.