KUALA LUMPUR, June 3 — Bursa Malaysia turns lower at mid-morning as investors were on short sell mode in recently-made gains, prominent in lower liners, mid-sized Islamic and conventional capitalisation stocks, dealers said. At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.71...
On the broader market, decliners trounced gainers 534 to 389, while 348 counters were unchanged, 597 untraded and 19 others suspended. — Bernama pic
At 11am, the benchmark FTSE Bursa Malaysia KLCI was 1.71 points lower to 1,505.98 from 1,507.69 at Tuesday’s close. AxiCorp chief global markets strategist, Stephen Innes said the market is in full-blown ‘liquidity-on’ stance with the S&P 500 leading the charge.“It seems that potential headwinds like a slower growth recovery, earnings disappointments, potential US tech regulations, and rising geopolitical tensions are being ignored. Instead, news flow around new stimulus packages and possible vaccine breakthroughs are greeted emphatically,” he said in a note today.
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