Malaysia's bourse could regain its momentum, after a lacklustre month during the Islamic holy season of Ramadan, analysts said on Friday. "If you look at volume during the past month the volume has gone down a lot, so after the holidays it should pick up," said Kaladher Govindan, head of research at TA Securities.
Malaysian financial markets will be closed on Monday and Tuesday for Eid al-Fitr celebrations. Kaladher said there was a risk of share prices consolidating during the holiday-shortened week.
"But if you look at the long-term charts the market is still going up, so if there is a any pullback next week it will be very shallow, a technical pullback," he said. For the week to September 18, the Kuala Lumpur Composite Index rose 12.92 points, or 1.07 percent, to close at 1,221.20.