As for the local bourse, Rakuten's Thong reckoned that the recent selldown would provide opportunities for investors to accumulate stocks at attractive levels given their cheaper valuation.
KUALA LUMPUR: Bursa Malaysia closed lower for the third consecutive day in tandem with the regional selldown, following the negative cue from global equities overnight.
At 5pm yesterday, the FBM KLCI slipped 2.71 points to 1,441.85 from 1,444.56 at Wednesday’s close. The key index opened 3.19 points weaker at 1,441.37 and moved between 1,433.04 and 1,442.78 throughout the day.
