Little Movement Expected For Malaysia Shares

From Nasdaq, Inc.:

The Malaysian stock market has been falling for two sessions in a row, dropping more than 15 points. The global forecast for the Asian market is mixed and flat to lower. The KLCI finished slightly lower on Thursday. The Dow rose 15.29 points or 0.04 percent to finish at 37,711.02, while the NASDAQ perked 0.54 points or 0.00 percent to close at 14,970.18 and the S&P 500 slipped 3.21 points or 0.07 percent to end at 4,780.24. This data suggests that the Federal Reserve is less likely to cut interest rates in March. Oil futures rose on Thursday.

The Malaysian stock market has moved lower for two consecutive sessions, and financial and industrial sectors have experienced losses. Major averages opened slightly higher on Thursday but quickly plummeted before rallying to finish mixed and flat. Oil futures settled higher as prices rebounded on disruptions in trade and supplies.



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