Investors to monitor sectors related to country’s industrial master plan, energy transition roadmap.
KUALA LUMPUR: Bursa Malaysia has continued its negative tone this morning as investors are likely to stay on the sidelines ahead of the US Federal Open Market Committee meeting, said an analyst.
“Although Wall Street’s negative performance could spill over towards the local front, buying support could emerge within selected sectors as the market may focus on the blueprints recently announced by the government for trading opportunities,” it said. They could also start positioning themselves ahead of Budget 2024 and look into opportunities within the construction, property and building materials segments, it said.
Of the actives, Iskandar Waterfront City increased 6.5 sen to 75.5 sen and Ekovest added 1.5 sen to 57 sen, while Tanco and Mercury Securities eased 0.5 sen each to 55 sen and 29.5 sen, respectively, and Kinergy Advancement was flat at 34.5 sen.
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