Volatile market

The index closed at 1,256.58 points, down by 24.05 points or 1.88%. It was a sea of red for blue chips and small cap counters yesterday. A total of 713 counters declined, while 267 counters went up with 279 stocks unchanged. Market turnover was at 4.43 billion shares valued at M3.87bil.

PETALING JAYA: It was a volatile trading day for Bursa Malaysia as local equities were smashed for the fourth consecutive day, with no immediate reprieve in sight.

The FBM KLCI dived to the lowest level since October 2009 in just the first few minutes of trading, down by over 68 points to 1,211.95 points, as investors reacted to news of the government’s movement control order in the country.