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Bursa ends lower on profit-taking

Cover Image for Bursa ends lower on profit-taking

The recent profit-taking is seen as constructive, providing room for the market to consolidate before resuming its upward trajectory, says analyst.

bursa

KUALA LUMPUR: Profit-taking activities dragged Bursa Malaysia to end marginally lower on Tuesday following yesterday’s strong gains.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said local market sentiment, however, remains resilient as investors continue to hold near recent highs, suggesting consolidation rather than a trend reversal.

Tags:Bursa closingFBM KLCIFMTBizMarketprofit takingSedek JantanThong Pak Leng


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