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.
Equitiestracker Holdings Bhd
head of research Peter Lim Tze Cheng reckoned that the selloff in local equities was a “healthy correction”, in line with the US stock market.
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