Healthy market correction despite losses

Market liquidity: A pedestrian passes the Bank Negara building in Kuala Lumpur. The central bank has kept interest rates low in a bid to spur economic momentum.

PETALING JAYA: The local stock market continued its losing streak led by falls in glove stocks as investors took profits after a significant rally since March this year.

But analysts have shrugged off the “correction” and expect the market to continue with its upward momentum soon.