Market Commentary and Intraday News

the Malaysian stock market has finished lower in two of three trading days since the end of the nine-day winning streak in which it had gathered nearly 50 points or 3.8 percent on its way to a two-month closing high. the Kuala Lumpur Composite Index finished just above the 1,325-point plateau, but now analysts are predicting further weakness when the market opens for business on Friday.the global forecast for the Asian markets is broadly negative thanks to renewed weakness in the commodity markets – while steel, technology and property shares are also expected to be weak. the European and U.S. markets finished sharply lower, and the Asian bourses are predicted to follow suit.the KLCI finished slightly lower on Thursday as losses among the financial and industrial sectors was offset by gains from the plantation stocks.for the day, the index eased 3.83 points or 0.3 percent to finish at 1,325.87 after…

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