[ad_1]
KUALA LUMPUR: Bursa Malaysia is expected to trade within the 1,580-1610 range next week, amid the absence of Chinese markets that are closed for the Lunar New Year celebration, said Bank Islam Malaysia economist Bhd Adam Mohamed Rahim. .
For the week just ended, the market posted limited range trading as market participants reduced trading activities ahead of the long weekend.
Bursa Malaysia had traded half a day on Thursday, the eve of the Chinese New Year (CNY), and was closed on Friday for the CNY.
The FBM KLCI rose 20.79 points to 1,599.42 at the close of Thursday compared to 1,578.63 registered last Friday.
On the scoreboard, the FBM Emas index increased 159.5 points to 11,661.82 and the FBMT 100 index increased 150.48 points to 11,380.04.
The FBM 70 rose 211.83 points to 15,271.65 and the FBM Emas Shariah index rose 57.89 points to 13,120.25, while the FBM ACE index added 22.0 points to 10,883.23.
By sector, the financial services index rose 458.57 points to 15,038.47, the industrial products and services index gained 4.02 points to 180.57 and the plantations index rose 4.98 points to 7,145.69.
The Energy Index added 22.48 points to 861.8 and the Technology Index rose 1.75 points to 87.67, while the Health Index fell 85.39 points to 3,472.11.
In the week shortened by holidays, the turnover fell to 22.27 billion units worth RM 14.87 billion from 26.16 billion units worth RM 17.66 billion recorded the last week.
Main market volume was down to 114.67 billion shares worth RM11.88 billion from 4.94 billion shares valued at RM13.54 billion last week.
Warrant turnover was reduced to 1.22 billion units worth RM 206.98 million compared to 1.74 billion units worth RM 307.50 million previously.
ACE’s market volume fell to 6.38 billion shares valued at RM2.78 billion shares from 9.47 billion shares valued at RM3.80 billion.
Bursa Malaysia and all of its subsidiaries will resume operations on February 15. -Called
[ad_2]
