KUALA LUMPUR: Bursa Malaysia is expected to trade largely sideways this week, as holiday conditions continue to dampen market activity, says an economist.
IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan noted that with most major macroeconomic and corporate catalysts already priced in, the year-end rally is likely to lose momentum, while trading volumes should remain subdued.
He said the market will be closed on Thursday for the New Year holiday, and Friday’s session is likely to be broadly flat.
“Even so, the FBM KLCI is on track to close the year above the 1,643 level, delivering a positive outcome for 2025.
“This would represent the first instance in the post-pandemic period of two consecutive years of market gains, reinforcing the view that Malaysia’s equity market has moved onto a firmer structural footing,” he said. — Bernama.
