On the broader market, gainers led losers 194 to 108, while 198 counters were unchanged, 1,414 untraded and 31 others suspended.Malacca Securities Sdn Bhd’s in a research note said the lower liners and broader market shares are set to continue their ascend over the near-term on rotational plays with construction stocks set to see further active trading.
“At the same time, we think that the spate of negative news on the Malaysian economy may retreat, thereby, potentially providing some breathing space for the local stock market to break its downtrend,” it added. Of the actively-traded construction stocks, Ekovest increased 26.5 sen to 93.5 sen, Iris added one sen to 17.5 sen, and QES rose 1.5 sen to 26.5 sen.
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