KUALA LUMPUR, Sept 27 — Bursa Malaysia is expected to see volatile trading next week amid uncertainty over United States (US) tariff measures, though continued institutional buying should support a positive bias.
This follows a recent announcement by US President Donald Trump of new tariffs, including 100 per cent duties on branded drugs, a 25 per cent tariff on all heavy-duty trucks, and a 50 per cent tariff on kitchen cabinets, effective Oct 1.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the move could trigger market reactions as investors assess its impact on global trade and economic growth.
“The local bourse is expected to be volatile amid uncertainty over what Trump will do next. However, it is likely to remain on a positive bias, buoyed by continued institutional buying,” he told Bernama.
On a Friday-to-Friday basis, the FBM KLCI rose 10.82 points to 1,609.05 from last week’s 1,598.23.
“Reclaiming the 1,600 level is a positive milestone for the benchmark index, reinforcing its ability to withstand recent challenges. This psychologically significant threshold suggests that buyers are stepping back in, laying the groundwork for stronger market sentiment,” Thong added.
The FBM Emas Index advanced 33.71 points to 11,993.44 on a Friday-to-Friday basis, while the FBMT 100 Index gained 77.73 points to 11,725.04, and the FBM Emas Shariah Index added 85.10 points to 12,048.47. The FBM ACE Index widened 285.03 points to 5,200.46, while the FBM 70 Index expanded 106.95 points to 16,850.35.
By sector, the Plantation Index gained 18.31 points to 7,762.65, and the Industrial Products and Services Index added 5.65 points to 173.76. The Financial Services Index soared 153.54 points to 18,156.84, and the Energy Index firmed 27.20 points to 782.52.
Weekly turnover climbed to 17.03 billion units worth RM13.37 billion from 12.52 billion units worth RM11.25 billion in the previous week.
The weekly Main Market volume rose to 8.80 billion units valued at RM11.55 billion, compared with 6.96 billion units worth RM9.98 billion previously.
Warrant turnover expanded to 5.45 billion units worth RM826.39 million from 4.03 billion units worth RM660.45 million in the preceding week.
The ACE Market volume recouped to 2.99 billion units valued at RM982.62 million, from 1.52 billion units worth RM610.19 million previously.
