Bursa Malaysia ends lower
An investor monitors share market prices at a brokerage firm in Kuala Lumpur August 24, 2015. — Reuters pic
Volume was lower at 3.47 billion units worth RM2.37 billion compared to 3.87 billion units worth RM2.40 billion recorded yesterday. This, he said, was after Brent crude touched a year-to-date high of US$71.10 per barrel with tensions in Libya expected to disrupt overall global supply. He said news over the US$11 billion in proposed US tariffs against the European Union following the World Trade Organisation’s findings on Airbus subsidies, suggested that the trade war narrative remains fairly visible.“Additionally, global investors are awaiting for the US corporate earnings season, especially quarterly results from JP Morgan and Wells Fargo, not to mention, the Brexit saga as UK Prime Minister Teresa May pushing for a delay in the dateline to June 30,” added Mohd Afzanizam.
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