KUALA LUMPUR, March 20 — Bursa Malaysia ended trading lower Monday in tandem with the heavy selldown in regional bourses as investors were wary following the sudden burst of...
KUALA LUMPUR, March 20 — Bursa Malaysia ended trading lower Monday in tandem with the heavy selldown in regional bourses as investors were wary following the sudden burst of turmoil in the global banking sector, said an analyst.
Market breadth was negative with decliners trouncing gainers 653 to 275, while 338 counters were unchanged, 996 untraded and 16 others suspended. "Investors are now cautiously awaiting more cues on monetary policy from the US Federal Reserve meeting this week. On the domestic front, sentiments may also be cautious in view of external factors, nevertheless, we believe the FBM KLCI has been extremely oversold,” he told Bernama.
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