Bursa Malaysia remains mixed at mid-afternoon

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KUALA LUMPUR, Aug 17 ― Bursa Malaysia remained mixed at mid-afternoon today amid positive sentiments in the regional markets, with mild profit-taking seen in selected...

KUALA LUMPUR, Aug 17 ― Bursa Malaysia remained mixed at mid-afternoon today amid positive sentiments in the regional markets, with mild profit-taking seen in selected healthcare and technology counters, dealers said.

However, the broader market was slightly negative with decliners leading gainers 408 to 357, while 394 counters were unchanged, 1,120 untraded, and six others suspended.ActiveTrades trader Anderson Alves said traders will be monitoring US July retail sales data and the release of the US Federal Open Market Committee minutes for the session ahead.

“The Fed event is expected to bring little volatility to risk assets and might not change the entire current market pricing going into the September meeting,” he said in a note today. Of the actives, Metronic Global and Pegasus Heights improved 1.0 sen each to 6.0 sen and 1.5 sen respectively, Hartalega slipped 4.0 sen to RM1.73 while G3 Global was flat at 3.0 sen.

 

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