Malaysian market likely to trade sideways this week

MONDAY, JULY 25 KUALA LUMPUR- Bursa Malaysia briefing for its first half 2016 results, Conference Room, Ground Floor, Bursa Malaysia Bhd, Bukit Kewangan, Kuala Lumpur at 1430 (0630 GMT), KUALA LUMPUR- Prime Minister Najib Tun Razak hands offer letters for Special Pilgrim Programmes at Tuanku Mizan Zainal Abidin Mosque -- 1200 (0400 GMT) KUALA LUMPUR- Deputy Prime Minister Ahmad Zahid Hamidi receives courtesy call from newly appointed Malaysian envoys at deputy prime minister's office, Level 4 at 1345 (0545 GMT) KUALA LUMPUR- Communications and Multimedia Minister Salleh Said Keruak attends the ministry's Hari Raya celebration at Communication and Multimedia Ministry's complex, Presint 4 at 1230 (0430 GMT)

Its President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said the market will be concerned over the better US third-quarter gross domestic product data. 

"The positive results of the world's biggest economy has increased the prospects of an interest rate increase by the Federal Reserve in December which will also affect the local stock market," he told Bernama.