File picture shows an investor monitoring stock prices in the gallery of the RHB Investment Bank Bhd headquarters, July 16, 2018. — Bernama pic
At 9.32am, the benchmark FTSE Bursa Malaysia KLCI was down 12.72 points to 1,614.04 from Friday’s close of 1,626.76. There were 339 losers and 104 gainers, while 236 counters were unchanged, 1,208 untraded and 18 others suspended.Malacca Securities Sdn Bhd said sentiment on the stock market was still looking frail, amid an escalation in the US-China trade war, that is also set to prolong the already dour global trend.
“Just like the index-linked shares, we see shares also succumbing to increased selling activities as equity sentiment is turning weaker, and this could keep more retail players on the sidelines,” it added. For the heavyweight counters, Maybank shed four sen to RM8.61, Public Bank slipped 14 sen to RM21.64, TNB shed eight sen to RM13.78, while Petronas Chemicals and IHH Healthcare both eased six sen to RM7.37 and RM5.67 respectively.
Asyik lower je....
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