KUALA LUMPUR, July 19 — Bursa Malaysia reversed yesterday’s gains to open lower on profit-taking, drawing the cue from choppy trading on Wall Street, said an analyst.
He added that the Dow Jones Index Average lost 215 points while the Nasdaq declined 92 points as the US 10-year yield edged higher to almost 2.99 per cent. “Nonetheless, potential upside for the benchmark index may be capped as sentiments remained fragile hence anticipate the index to hover within the 1,420 to 1,435 range today,” he said.
As for the actives, MMAG Holdings, MAG Holdings and Dagang NeXchange fell half-a-sen each to five sen, 17.5 sen and 75 sen respectively, while Metronic Global and XOX Networks improved half-a-sen each to nine sen and three sen.
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