On the broader market, losers overwhelmed gainers 429 to 23, while 97 counters were unchanged, 1,384 untraded and 17 others suspended. — Reuters pic
On the broader market, losers overwhelmed gainers 429 to 23, while 97 counters were unchanged, 1,384 untraded and 17 others suspended.Malacca Securities Sdn Bhd said following a stable session yesterday, Bursa was expected to come under selling pressure after overnight rout on global equities with bond yields remained inverted — heightening recession fears and dampening sentiments on equities.
"The local bourse is unlikely to find much solace as the broad market sentiments are staying cautious, due in part to the ongoing threats to the global economic environment and the still unresolved trade spat between the U.S. and China that is likely to keep sentiments in check for longer," it said.
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