KUALA LUMPUR: Bursa Malaysia extended yesterday’s losses to open easier today on lack of strong market catalysts, said a dealer.
“Under the prevailing environment, it appears that the mixed trend is likely to persist with the key index likely to tether near its three-year low for longer,” it said. “A decisive take-down of the 1,660 is vital for the local index to trend upwards towards 1,700. Reluctance to go beyond R1 would see the index retrace towards 1,615 and 1,600,” it said in a note.
Of the actively-traded stocks, Daya Materials gained half-a-sen to 1.5 sen, while Bumi Armada and Orion IXL were flat at 23.5 sen and 19.5 sen respectively.
Source: News Formal (newsformal.com)
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