Bursa Malaysia eyes cautious rebound next week as bargain hunters circle blue chips

KUALA LUMPUR, Oct 11 — Bursa Malaysia is expected to trade within the 1,600-1,630 points range next week, with a cautious upside bias on the selective accumulation of blue chips. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said valuations were becoming more attractive, although fragile investor sentiment could temper buying interest. “Looking ahead to next week, we expect selective bargain hunting to support a gradual recovery, although geopolitical uncertainties, elevated energy prices and volatile bond yields could limit the upside,” he told Bernama. 

For the trading week ended yesterday, Bursa Malaysia closed higher, buoyed by market optimism and sustained buying activity following the Budget 2027 announcement, which provided fresh catalysts for the market.

On a Friday-to-Friday basis, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 22.42 points to 1,608.45 at yesterday’s close from 1,630.87 a week earlier.

On the index board, the FBM Emas Index fell 71.74 points to 12,098.83, the FBM Top 100 Index lost 86.28 points to 11,871.40, and the FBM Emas Shariah Index added 69.46 points to 12,129.78.

The FBM ACE Index rose 125.11 points to 5,654.57, and the FBM Mid 70 Index gained 201.18 points to 17,683.11.

By sector, the Energy Index edged up 5.54 points to 838.57, the Plantation Index erased 166.29 points to 8,890.26, and the Industrial Products and Services Index climbed 2.23 points to 180.75. The Financial Services Index sank 615.69 points to 18,424.82.

Weekly turnover advanced to 19.63 billion units worth RM15.72 billion from 17.39 billion units worth RM14.42 billion in the previous week.

Main Market volume improved to 11.86 billion units valued at RM13.68 billion from 10.31 billion units valued at RM12.69 billion previously.

Warrant turnover strengthened to 4.91 billion units worth RM816.07 million from 4.40 billion units worth RM708.35 million in the previous week.

ACE Market volume expanded to 2.86 billion units valued at RM1.22 billion compared with 2.67 billion units valued at RM1.00 billion in the previous week. — Bernama