Investors concerned over potential US rate hike, China property market, says analyst.
KUALA LUMPUR: Bursa Malaysia extended yesterday’s losses to close marginally lower today on continued profit-taking in selected financial services as well as industrial products and services counters.
“On the domestic front, sentiment may remain cautious in view of increasing market risks and volatility in global markets,” he told Bernama today.The barometer index opened 1.25 points better at 1,449.23, its intraday high, and hit a low of 1,442.26 during the mid-afternoon session. CIMB and Press Metal were the top two contributors to the local benchmark index’s losses, slipping 9 sen and 10 sen to RM5.55 and RM4.75 respectively, with a combined contribution of 2.93 points.
On the index board, the FBM Emas Index was 18.01 points lower at 10,661.56, the FBMT 100 Index dipped 17.13 points to 10,347.53, the FBM Emas Shariah Index lost 3.91 points to 10,873.51, the FBM 70 Index erased 38.73 points to 14,099.52, and the FBM ACE Index was 49.40 points lower at 5,264.14.
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