Malaysian shares may stay range-bound

Malaysian shares are set to trade within a strict range as investors keep to the sidelines amid the holidays, analysts said on Friday. "The market is expected to be range-bound next week as most investors are off for the holidays and there will only be two days of trading next week before the year ends" said analyst Stephen Soo from local brokerage TA Securities.
"The fears of the global economy moving into recession will continue to dampen investor sentiments and we can expect to see that happen in the longer term," he told AFP.
He said trade is likely to remain within 900-850 points. For the week to December 26, the Kuala Lumpur Composite Index dropped 9.05 points or 1.03 percent to 876.40 points.