Malaysia Shares Tipped To Find Traction On Friday
The Malaysia stock market has moved lower in back-to-back sessions, falling almost 10 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,375-point plateau although it's expected to stop the bleeding on Friday.
The global forecast for the Asian markets is upbeat on easing concerns over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.
The KLCI finished slightly lower on Thursday following losses from the telecoms and mixed performances from the financial shares and plantations.
For the day, the index dipped 4.01 points or 0.29 percent to finish at 1,374.64 after trading between 1,369.41 and 1,376.62.
Among the actives, Axiata retreated 2.15 percent, while Celcomdigi shed 0.46 percent, Dialog Group sank 0.48 percent, Genting and Sime Darby both added 0.49 percent, Inari stumbled 1.61 percent, IOI Corporation dropped 0.53 percent, Kuala Lumpur Kepong gained 0.37 percent, Maxis slumped 1.46 percent, Maybank collected 0.23 percent, MISC jumped 1.97 percent, MRDIY rallied 1.95 percent, Petronas Chemicals rose 0.16 percent, Press Metal tumbled 2.51 percent, RHB Capital advanced 0.57 percent, Sime Darby Plantations skidded 0.94 percent, Tenaga Nasional declined 1.62 percent and PPB Group, Public Bank, CIMB Group, IHH Healthcare, Telekom Malaysia, Genting Malaysia and Nestle Malaysia all were unchanged.