Malaysia Shares Fall 0.5% on Profit Taking -- Market Talk

Dow Jones Newswires · Aug 27, 2021 09:22

DJ Malaysia Shares Fall 0.5% on Profit Taking -- Market Talk

0118 GMT - Malaysia's stock benchmark Kuala Lumpur Composite Index falls 0.5% to 1577.48, amid profit-taking following recent gains in blue chips, TA Securities says. KLCI may continue to advance further, driven by easing domestic political risk, progress in local vaccination and extension of short-selling ban by the stock exchange operator, it says. However, upside is likely to be capped near the 1600-1615 territory, it adds. Maxis slips 1.7%, Press Metal Aluminium declines 1.5% and Hong Leong Financial Group is 1.4% lower. Petronas Chemicals gains 1.2% and MISC rises 0.3%. (chester.tay@wsj.com)

(END) Dow Jones Newswires

August 26, 2021 21:18 ET (01:18 GMT)

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

Malaysia Shares Fall 0.5% on Profit Taking -- Market Talk

Risk Disclaimer