Malaysian share prices are expected to remain dull in the week ahead, with rotational plays tipped to provide some action, analysts said Friday.
Analysts said although the market is "beginning to stir," geo-political tension in the Middle East, volatile oil prices and renewed concerns over air travel safety still caused investors concern.
"Hence, trading is expected to be choppy in the near-term," said Victor Wan, senior analyst with Mercury Securities.
He said sentiment had remained firm and the market elevated to a slightly higher level when it broke through its sideways consolidation from last week.
However the market had "cooled down" from its mid-week gains on air travel security worries after the thwarted terror plot to blow up planes in Britain.
"Despite the adverse developments, the market closed higher and broke through the 942-point resistance," Wan said.
He said oil palm related stocks would continue to provide a boost as long as palm oil prices stay firm.
On a technical note Wan said the support level is at 932 while the resistance is at 953, adding that "overall, the outlook for the index is still bullish".
For the week ending August 11, the Kuala Lumpur Composite Index gained 4.28 points or 0.46 percent over the week to close at 942.27.
Average trading volume dropped to 486.79 million shares worth 619.3 million ringgit (176.9 million dollars) from 515.18 million shares a week ago.
At Friday's close the ringgit was trading at 3.6755/6780 to the US dollar.
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