KUALA LUMPUR: The domestic market is starting out on a weaker footing after the minutes from the US Federal Reserve's recent meeting showed expectations of a mild recession later this year. "We believe further profit taking activities may emerge in the regional markets and our local bourse," said Malacca Securities Research in a note. Leading tech counters included MPI falling 26 sen to RM28.62, D&O dropping seven sen to RM4.22 and Pentamaster shedding seven sen to RM4.93. Sister company Capital A fell 2.5 sen to 78.5 sen as the regularisation plan was expected to lift both companies out of Practice Note 17 status. Most actively traded in the opening minutes of trade were Hong Seng unchanged at 13 sen, Jade Marvel up one sne ot 31 sen and Revenue down 0.5 sen to 32.5 sen.

Source: The Star April 13, 2023 06:06 UTC