Kuala lumpur: Bursa Malaysia is anticipated to sustain its upward momentum in the coming week, as renewed buying interest has been observed over the last two sessions. UOB Kay Hian Wealth Advisors Sdn Bhd’s head of investment research, Mohd Sedek Jantan, shared insights on the potential market trends.

According to BERNAMA News Agency, Mohd Sedek Jantan expects the FTSE Bursa Malaysia KLCI (FBM KLCI) to trade within the 1,540-1,550 range. This range may potentially revisit levels seen before the deadline of the reciprocal tariff deferral. Despite the absence of formal amendments to Malaysia’s tariff arrangement by the Trump administration, recent favorable outcomes for Indonesia and Vietnam could signal a similar review for Malaysia’s 25 percent tariff.

Moreover, stronger-than-expected second-quarter GDP figures are anticipated to provide a positive backdrop for market sentiment. The combination of resilient domestic growth and attractive equity valuations is likely to draw foreign investors to the Malaysian market.

The Statistics Department Malaysia (DoSM) forecasts Malaysia’s economy to grow by 4.5 percent in the second quarter of 2025, slightly surpassing the previous quarter’s growth of 4.4 percent. This growth is driven by robust domestic demand, despite global challenges.

In the past week, the benchmark index fell 10.21 points to 1,525.86. The FBM Emas Index, FBMT 100 Index, and FBM Emas Shariah Index experienced declines, while the FBM ACE Index saw an increase. Sector-wise, the Financial Services and Plantation Indices dipped, whereas the Energy Index edged up.

Weekly turnover decreased to 15.53 billion units worth RM11.77 billion. The Main Market volume fell, warrant turnover depreciated, but ACE Market volume increased compared to the previous week.