Market breadth was negative with 524 losers to 328 gainers, while 382 counters remained unchanged, 668 untraded and 20 others suspended. — Picture Ahmad Zamzahuri
The benchmark index opened 0.82 of-a-point weaker at 1,686.13 and moved between 1,678.66 and 1,688.28 throughout the day. “US President Donald Trump was hoping that he could boost the US stock market when he closed the trade deal with China. But just before that happened, Chinese technology company Huawei announced it would sue Washington for barring US government agencies from buying its equipment and services.He added that investors were also concerned on the anticipated slowdown in the Chinese economy. On Tuesday, China revised down its gross domestic product growth target for 2019 to a range of six to 6.
Of actives, Dayang Enterprise jumped 18 sen to RM1.58, Prestariang slipped 1.5 sen to 52.5 sen, MYEG lost four sen to RM1.19 and Perdana Petroleum was flat at 29 sen. Sector-wise, the Financial Services Index slipped 26.41 points to 17,492.39, the Plantation Index reduced 28.61 points to 7,264.14 and the Industrial Products and Services Index eased 1.58 points to 169.26.
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