KLCI extends decline as banks weigh, Carlsberg surges

A sharp rise in the number of Covid-19 coronavirus deaths and infections unnerved world markets, as traders halted the rally in stocks and retreated to the safety of government bonds and gold, Reuters reported.

KUALA LUMPUR: Blue chips extended their decline on Thursday, weighed down by banks on concerns of a rate cut and weaker economic growth crimping their profits due to the Covid-19 coronavirus.

At 5pm, the FBM KLCI was down 3.78 points or 0.24% to 1,539.16. Turnover was 2.74 billion shares valued at RM2.30bil. There were 452 gainers, 361 losers and 415 counters unchanged.