Bursa Malaysia likely to trade sideways from Monday (Sept 27)

KUALA LUMPUR, Sept 25 (Bernama): The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to move sideways next week, with immediate support-resistance level at between 1,520 and 1,560, said an analyst.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that the brokerage advised investors to reduce trading size and reserve funds to add should there be more clarity or better signals from the market. This is in view of the greater market volatility and jittery sentiment.