Market TrendREVIEW: Bursa Malaysia was shut on Monday for a public holiday. A rally in Wall Street overnight and a dearer crude oil prices added to the upbeat mood. A pullback in crude oil prices, retracing from a three-month high due to worries about a positive expansion crude inventories, also weighed. As expected, most stocks in the Asia-Pacific region followed Wall Street and turned lower, with investors staying at bay after markets were rattled by fresh uncertainty. Outlook: Bursa Malaysia extended the consolidation mode, but with an upward bias the past week.
Source: The Star October 07, 2016 21:33 UTC