Bursa Malaysia ended the morning session lower across the board on profit-taking. ― Picture by Hari Anggara
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI eased 2.06 points to 1,513.34 from yesterday’s close of 1,515.40. The Nasdaq Composite tumbled nearly 4.96 per cent to 11,458.10, the Dow Jones Industrial Average plummeted 2.78 per cent to 28,292.73 and the S&P fell 3.51 per cent to 3,455.06. “But technically, it could also be due to the US-China trade war which turned sour...that’s why investors opted to move out of their investments,” he said.
“On the local front, we expect sentiment to be cautious, nonetheless, we advocate buy on weakness with 1,500 as the support level for the KLCI,” it said. As for the top losers, Tradeplus Nyse declined 98 sen to RM9.18, Supermax shed 51 sen to RM9.63 and Nestle was 40 sen lower at RM139.40.
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