KUALA LUMPUR, April 13 ― Bursa Malaysia extended last week downtrend momentum to open easier today, as weak market sentiment continue to dampen buying interest. At 9.06am, key index FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 8.83 points to 1353.76 from 1,357.5 at Friday’s close. The key index,...
At 9.06am, key index FTSE Bursa Malaysia KLCI slipped 8.83 points to 1353.76 from 1,357.5 at Friday’s close. ― Picture by Hari Anggara
Market breadth, losers slightly outnumbered gainers 197 to 110, while 211 counters were unchanged, 1,400 untraded and 32 others suspended.Malacca Securities Sdn Bhd, in a note, expects the FBM KLCI might experience a pullback with the 1,400 level continue to serve as the immediate resistance. Consequently, the move would also weigh on Malaysia's economic growth, but Malacca Securities see additional stimulus measures should the situation turn sour.
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