FBM KLCI Forecasted To Trade Within 1,600-1,630 Range Next Week After Modest Weekly Gain

KUALA LUMPUR, Nov 7 – Bursa Malaysia is expected to trade within the 1,600 to 1,630 range next week as market participants digest global tech sector volatility and domestic corporate earnings developments.

On a Friday-to-Friday basis, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) managed a modest gain of 0.98 of a point, closing at 1,616.58 compared to 1,615.60 the previous week.

Despite the main index edging slightly higher overall, broader market indices posted sharp weekly losses:

• FBM Emas Index: Slipped 96.26 points to 11,965.47.
• FBM Top 100 Index: Decreased 65.41 points to 11,798.45.
• FBM Emas Shariah Index: Sank 260.14 points to 11,822.77.
• FBM Mid 70 Index: Tumbled 399.81 points to 17,020.88.
• FBM ACE Index: Lost 163.67 points to 5,240.24.

Sectoral performance showed significant divergence across the board. The Financial Services Index led gains by surging 409.07 points to 18,957.06, while the Plantation Index advanced 28.94 points to 8,726.36. Conversely, the Energy Index dropped 57.30 points to 794.86 and the Industrial Products and Services Index erased 7.02 points to 171.35.

Weekly total market turnover narrowed slightly to 15.49 billion units worth RM14.43 billion from 15.53 billion units worth RM9.97 billion in the previous week. Main Market volume jumped sharply to 8.30 billion units valued at RM13.08 billion compared to 5.13 billion units valued at RM8.83 billion previously.

Warrants turnover rose to 5.23 billion units worth RM600.74 million against 3.99 billion units worth RM608.01 million a week earlier, while the ACE Market volume slid to 1.95 billion units valued at RM749.55 million from 2.07 billion units valued at RM788.72 million.

Weekly Index Board, Sectoral Indices, and Market Volume Summary

Key market performance figures and trading statistics for the week include:

• FBM KLCI Weekly Performance: 1,616.58 (+0.98 points or +0.06% Friday-to-Friday).
• Broad Market Indices: FBM Emas (-96.26 pts to 11,965.47), FBM Top 100 (-65.41 pts to 11,798.45), FBM Emas Shariah (-260.14 pts to 11,822.77), FBM Mid 70 (-399.81 pts to 17,020.88), FBM ACE (-163.67 pts to 5,240.24).
• Sectoral Indices Performance: Financial Services (+409.07 pts to 18,957.06), Plantation (+28.94 pts to 8,726.36), Energy (-57.30 pts to 794.86), Industrial Products & Services (-7.02 pts to 171.35).
• Weekly Turnover & Value: Total turnover 15.49 billion shares worth RM14.43 billion (Main Market: 8.30 billion units worth RM13.08 billion; ACE Market: 1.95 billion units worth RM749.55 million; Warrants: 5.23 billion units worth RM600.74 million).

–NMT