Market remains trading in a sideways trend

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Bursa Malaysia was bearish last week in line with other global markets’ performances. The market was worried after the US bombed Syria and Afghanistan, and rallied troops near North Korea. Furthermore, the international media described these events as potential catalysts for World War 3. Gold and crude oil prices rose amid these tensions.
In the local market, the FBM KLCI increased only 0.1% in a week to 1,730.99 points last Friday and was in line with the slightly bullish market performances in the region. However, the market rebounded in the past two days on some bargain hunting and closed at 1,740.60 points yesterday and was up 0.3% on a week-to-week basis.




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