KUALA LUMPUR (June 5): The FTSE Bursa Malaysia (FBM KLCI) is expected to trade sideways next week with the level of resistance located at 1,600 to 1610 points. Market players will be monitoring the country’s April industrial production index to be released by the Statistics Department and the European Central Bank’s (ECB) policy rate meeting. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the holiday-shortened week would contribute further to the market lull as there seemed to be no new fresh catalyst in the market.
