At 9.05am, the benchmark FTSE Bursa Malaysia KLCI eased 6.09 points to 1,451.41 from yesterday’s close of 1,457.5. — Picture by Firdaus Latif
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI eased 6.09 points to 1,451.41 from yesterday’s close of 1,457.5.On the broader market, gainers and losers were equal at 203, while 228 counters were unchanged, 1,266 untraded and 50 others suspended.Major Asian bourses were on a downtrend pattern as hopes for global economic revival drifted away by heightening tension between the United States and China.
“It is a tale of two sides for the lower liners and broader market shares as mild profit-taking activities are taking the lead. Malacca Securities added the resistance is now located at the 1,480 level, followed by the 1,500 psychological level, while the downside risk would be pegged at the 1,430 level.
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