Sentiment on local bourse affected by Samsung profit miss

PETALING JAYA: Technology stocks on Bursa Malaysia took a beating following concerns that a stronger ringgit may erode their bottom line.

Sentiment on the local bourse was also affected by South Korean giant Samsung Electronics’ weaker-than-expected financial performance in the last quarter of 2017.

“Traders needed a solid excuse to take some money off the table and they got one with Samsung as the trigger,” a dealer from a local research brokerage said.

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