KUALA LUMPUR, Aug 12 — Bursa Malaysia ended lower today on persistent profit-taking in selected utilities and plantation counters in line with most regional markets, dealers said.
Market breadth was negative with losers leading gainers 576 to 387, while 449 counters were unchanged, 805 untraded, and 21 others suspended. A dealer said the most Asian markets were bullish on Thursday as positive US inflation data has temporarily eased fears that the US Federal Reserve would begin policy normalisation.
In a research note, he said that growth expectations in the region will likely take a hit in the coming weeks, wherein the recent resurgence of the virus will probably slow the economic recovery, and could affect appetite for value and cyclical sector exposure. Among the actives, KNM improved 1.0 sen to 20 sen, Serba Dinamik gained 2.0 sen to 42 sen, Focus Dynamics earned half-a-sen to 4.5 sen, while Dagang NeXchange was flat at 81.5 sen.
Main Market volume decreased to 2.31 billion shares worth RM1.93 billion from 2.90 billion shares valued at RM2.58 billion on Wednesday.
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