KUALA LUMPUR, Jan 4 ― Bursa Malaysia extended its downtrend to close the morning trading session on a weak note, amidst continuous selling in the index-linked counters and the lack of market catalysts to boost risk appetites, dealers said.
The index, which opened 1.87 points firmer at 1,550.92, moved between 1,536.64 and 1,551.33 throughout the session. “They are mostly cautious about the near-term outlook, especially ahead of the key policy rate meeting by Bank Negara Malaysia and the United States Federal Reserve, therefore book some profit,” he told Bernama.
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