Kuala lumpur: Bursa Malaysia is anticipated to continue trading sideways in the coming week, although with a slight upward bias as buying interest persists during market dips, an analyst stated.

According to BERNAMA News Agency, Rakuten Trade Sdn Bhd’s vice-president of equity research, Thong Pak Leng, indicated that this consolidation pattern often leads to a more sustainable market climb, particularly when new catalysts emerge. He noted that while the index is currently consolidating, the medium-term outlook remains positive with an upward trend. Consequently, the FBM KLCI is expected to fluctuate between 1,580 and 1,620 points in the next week.

Bursa Malaysia was closed on Monday, September 15, due to an additional public holiday for Malaysia Day on September 16. During the shortened trading week from September 17 to 19, the market experienced mixed results owing to profit-taking and a lack of fresh catalysts.

On a week-to-week basis, the FBM KLCI slightly decreased by 1.90 points to 1,598.23 from the previous week’s 1,600.13. The FBM Emas Index rose by 33.71 points to 11,896.43, the FBMT 100 Index increased by 23.54 points to 11,647.31, and the FBM Emas Shariah Index climbed by 73.08 points to 11,963.37. The FBM ACE Index expanded by 113.16 points to 4,915.43, while the FBM 70 Index grew by 198.83 points to 16,743.40.

By sector, the Plantation Index increased by 44.80 points to 7,744.34, and the Industrial Products and Services Index added 2.83 points to 168.11. However, the Financial Services Index declined by 65.12 points to 18,003.30. The Energy Index rose by 12.42 points to 755.32.

Weekly turnover decreased to 9.29 billion units valued at RM9.85 billion from 12.52 billion units worth RM11.25 billion in the previous week. The weekly Main Market volume fell to 5.82 billion units valued at RM9.06 billion, compared to 6.96 billion units worth RM9.98 billion previously.

Warrant turnover dropped to 2.13 billion units worth RM337.95 million from 4.03 billion units valued at RM660.45 million in the preceding week. The ACE Market volume decreased to 1.32 billion units valued at RM443.50 million, down from 1.52 billion units worth RM610.19 million previously.