Sentiment remains cautious ahead of Federal Reserve’s interest rate meeting, says analyst.
KUALA LUMPUR: Profit-taking activities in selected heavyweights continued to drag Bursa Malaysia down this morning amid cautious sentiments in regional bourses, dealers said.
Back home, the FTSE Bursa Malaysia KLCI had turned slightly lower after the quadruple witching day last week. Meanwhile, it expects the construction sector to rebound amid a potential rally ahead of the Budget 2024 announcement next month, while traders may look out for oil and gas stocks amid stronger Brent oil prices.
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