KUALA LUMPUR, Sept 12 — Bursa Malaysia closed slightly lower amid mixed regional market sentiments as investors awaited the United States inflation data, said an analyst. At...
KUALA LUMPUR, Sept 12 — Bursa Malaysia closed slightly lower amid mixed regional market sentiments as investors awaited the United States inflation data, said an analyst.
On the broader market, decliners thumped gainers by 524 to 354, with 450 counters unchanged and 994 untraded. The US Treasury Secretary Janet Yellen reportedly said she was “feeling very good” about the chance the US would avoid a recession while still reining in consumer price increases, a key factor in the Fed debate.
“At present, the benchmark index’s valuations are currently inexpensive, hence, we believe bargain hunting may prevail,” he told Bernama.
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