Maintaining a firm hold above the 1,730-1,740 range would keep the upward bias intact and support further gains, says analyst.
KUALA LUMPUR: Bursa Malaysia closed lower today but managed to rebound from its intraday low, weighed down by profit-taking, particularly in financial stocks.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng sees the recent decline as an opportunity to bargain-hunt, citing more attractive valuations at lower levels.
A local marine company director claims he was defrauded over a non-existent vessel cleaning contract and says the subcontractor has taken legal action against him.
The High Court rules a director and a branding firm failed to perform the contracted work expeditiously.