Lower on external weakness

BURSA Malaysia ended lower on a broader external market weakness, but the decline was capped by selective play in plantations and third liners, an analyst said.

The FBM KLCI declined 5.87 points to 1,732.14. The index opened 4.3 points lower at 1,733.71 and moved between 1,718.13 and 1,733.71 throughout the day.

Maybank Investment Bank, chartist Nik Ihsan Raja Abdullah said overall market sentiment was dampened by external weakness on concerns over the US-China trade dispute, China’s economic growth and rising interest rates in the US.

“Selective play in plantation stocks and third liners helped support the market from further decline,” he told Bernama.– Bernama

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