Analysts said investors will remain cautious due to the increasingly global market volatility.
KUALA LUMPUR, Jan 7 : Bursa Malaysia is likely to trade sideways with a slightly upward bias within the 1,475-1,495 range this week.
The local market was traded mostly lower during the holiday-shortened week amid the ongoing weakness in US markets and uncertainty over the Covid-19 situation in China. On the index board, the FBM Emas Index fell 69.22 points to 10,632.33, the FBM Emas Shariah Index trimmed 102.68 points to 10835.87, and the FBMT 100 Index dipped 77.38 points to 10,342.42.
The Financial Services Index slipped 85.83 points to 16,415.48 and the Energy Index gained 1.40 points to 777.59.
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