Kuala lumpur: Bursa Malaysia's benchmark index is expected to continue its upward trajectory in the coming week, with a focus on reaching the 1,700-point level. This anticipated growth is supported by a robust rebound observed on Friday and ongoing purchases by local institutional investors.
According to BERNAMA News Agency, Mohd Sedek Jantan, the director of investment strategy and country economist at IPPFA Sdn Bhd, noted that improving global risk sentiment is creating a supportive environment for regional equities, including Bursa Malaysia. He pointed out that reduced geopolitical risks and a potentially more accommodating monetary policy environment are enhancing the global appetite for risk assets.
Nonetheless, Jantan indicated that maintaining momentum above the 1,700-point milestone will require increased market participation. This would involve contributions from heavyweight banking stocks, continuous domestic institutional backing, and a resurgence of foreign investment. Additionally, he stressed the importance of stronger corporate earnings guidance and improving global market sentiment as key elements to sustain a more durable market rally.
In the week that just concluded, Bursa Malaysia experienced mixed performance, with late-session profit-taking reflecting investors' cautious sentiment in the absence of fresh market catalysts. The key index registered an increase of 11.31 points, closing at 1,679.05, compared to 1,667.74 in the previous week.
The FBM Emas Index saw a rise of 91.99 points, reaching 12,457.01, while the FBMT 100 Index climbed 81.71 points to 12,283.30. The FBM Emas Shariah Index also increased by 50.93 points, closing at 12,292.23. Additionally, the FBM Mid 70 Index jumped by 114.17 points to 17,840.36, and the FBM ACE Index rose by 149.31 points, ending at 4,894.61.
Sector-wise, the Plantation Index increased by 86.56 points to 8,969.54. The Energy Index gained 12.70 points, reaching 758.60, and the Financial Services Index advanced by 168.84 points to 19,831.96. The Industrial Products and Services Index also saw a gain of 2.85 points, closing at 182.44.
Weekly turnover showed a decline, with 13.63 billion units valued at RM11.11 billion, compared to 15.54 billion units valued at RM13.11 billion the previous week. The Main Market volume decreased to 6.73 billion units worth RM9.72 billion, down from 7.78 billion units worth RM11.58 billion. Warrants turnover fell to 4.29 billion units valued at RM529.34 million, compared to 5.15 billion units worth RM628.56 million last week. However, the ACE Market volume saw a slight increase, reaching 2.60 billion units valued at RM860.50 million, compared to 2.59 billion units valued at RM899.90 million in the preceding week.