KUALA LUMPUR: Share prices on Bursa Malaysia closed lower at midday on lack of follow-through support with some profit-taking seen in selected countersAt 12.30 pm, the bellwether FBM KLCI ended the morning session 1.90 points lower at 1,749.04. The index opened 4.06 points lower at 1,746.88 this morning.There were 307 gainers, 389 losers and 394 counters traded unchanged on the Bursa Malaysia. The S&P 500 index closed less than a point lower at 2,590.64 and the Nasdaq Composite Index declined 18 points, or 0.3%, to 6,767.78.European markets, however, finished lower with shares in Germany leading the region. Nevertheless, we opine that the trading interest may linger within O&G sector with the Brent crude oil hovering above US$63,” it said.“The KLCI formed a flag formation breakout above 1,745 and ended above 1,750. We think the FBM KLCI may revisit 1,760 over the near term.

Source: The Star November 08, 2017 05:26 UTC