KUALA LUMPUR: BIMB Securities Research expects Bursa Malaysia to trend sideways on Thursday with slight downward bias after the overnight losses in the US.
It expects the FBM KLCI to trade between 1,650 and 1,655 after closing up 6.14 points or 0.37% to 1,657.58, lifted mainly by healthcare and banking stocks.
Trading participation saw net buying by local institutions and retail while foreign institutions were net sellers.
BIMB Research said foreign funds were net sellers at –RM217.3mil while local institutions and retail investors were net buyers at RM197.8mil and RM19.5mil.
European stocks ended lower for 4th session in a row as investors assessed a mixed bag of corporate news.
Wall Street also ended lower due to weaker-than-expected private-sector jobs data and a slide in worker productivity. The DJIA fell 0.56% to end at 17,651.26 while the S&P500 lost 0.59% to 2,051.12.
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