KLCI inches lower as rubber glove counters weigh


KUALA LUMPUR: The key Malaysian market index consolidated below the 1,600-point level as profit-taking in rubber glove counters put a cap on the rally even as fresh tensions surfaced between the US and China.

Following yesterday's late afternoon dive, the FBM KLCI was seen growing weaker as investors grew nervous over overheated rubber glove stocks, which have been the focus of investor attention during the ongoing Covid-19 outbreak.

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Bursa Malaysia , FBM KLCI , crude oil , ringgit , equities

   

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