Cautious Trading Expected On Bursa Malaysia Next Week

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 11 (Bernama) -- Bursa Malaysia is expected to trade cautiously next week, with the market likely to consolidate within the 1,620–1,640 range, according to an analyst.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI continues to show resilience, holding firmly above the crucial 1,620 level, which now serves as the immediate support area.

He emphasised the importance of sustaining this level, as it reflects ongoing investor confidence and the market’s ability to absorb recent profit-taking without significant weakness.

“We view this consolidation phase as a healthy pause, allowing the index to build momentum for a potential push toward the next resistance levels in the coming sessions.

“As long as the index remains above 1,620, the overall outlook remains positive, suggesting the market is gradually forming a stronger base for the next upward move,” he told Bernama.

On a Friday-to-Friday basis, the FBM KLCI dropped 12.81 points to 1,622.25 from last week’s 1,635.06.

The FBM Emas Index slid 50.36 points to 12,198.97, the FBMT 100 Index dropped 55.08 points to 11,853.88, and the FBM ACE Index dipped 48.36 points to 5,298.76.

However, the FBM 70 Index rose 87.32 points to 17,177.52 and the FBM Emas Shariah Index edged up 5.24 points to 12,198.97.

By sector, the Plantation Index jumped 94.31 points to 7,890.95, the Industrial Products and Services Index inched up 0.51 of-a-point to 174.86, the Energy Index firmed 11.34 points to 799.00, while the Financial Services Index declined 218.96 points to 18,383.44.

Weekly turnover improved to 18.81 billion units worth RM14.76 billion compared with 18.04 billion units valued at RM14.55 billion in the previous week.

The Main Market volume eased to 10.06 billion units worth RM12.91 billion from 10.07 billion units valued at RM12.85 billion previously.

Warrants turnover surged to 6.07 billion units valued at RM810.65 million versus 4.70 billion units worth RM694.53 million in the preceding week.

The ACE Market volume declined to 2.68 billion units valued at RM1.04 billion compared with 3.25 billion units worth RM998.20 million previously.

-- BERNAMA