At the close, the FBM KL Composite Index fell 9.11 points, or 0.6%, to 1,521.95 points, extending its losing streak to the tenth day in a row. At the current price level, the index has fallen 19.7% from its peak of 1,895 points on April 19,2018.A bear market is when stock prices fall 20% from their peaks.
PETALING JAYA: Stocks on Bursa Malaysia are teetering on the brink of a bear market as the rising coronavirus toll in China curbed investor appetite for risky shares.
At the close, the FBM KL Composite Index fell 9.11 points, or 0.6%, to 1,521.95 points, extending its losing streak to the tenth day in a row.
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