REVIEW: Bursa Malaysia kicked off the week on the negative side, with the FBM KLCI losing 0.47 of a point to 1,775.40 as investors used the excuse of sluggish US markets overnight to book gains.
Wall Street’s leading indicator, the Dow Jones Industrial Average, shed 22.81 points to 20,896.61 the previous Friday amid worries about the health of the world’s largest economy following the release of a tepid April retail sales data and over on the New York Mercantile Exchange, the recent rally in crude oil prices ran out of fuel, up only one cent to US$47.84 owing to apparent profit-taking activity.
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