Bursa Malaysia continues slide to 11-year low


The FBM KLCI took cue from its regional counterparts which were in a bloodbath and also from the major sell-off on Wall Street to finish the day at its lowest in 11 years on the back of the pandemic panic and sliding oil prices.

PETALING JAYA: There seems to be no end to the onslaught on Bursa Malaysia as the benchmark stock index fell for the sixth consecutive trading day as investors liquidated their shares for cash on day two of Malaysia’s movement control order (MCO) amidst fears of the coronavirus disease (Covid-19).

The FBM KLCI took cue from its regional counterparts which were in a bloodbath and also from the major sell-off on Wall Street to finish the day at its lowest in 11 years on the back of the pandemic panic and sliding oil prices. The index closed 19.29 points, or 1.56% lower, at 1,219.72 points yesterday, the lowest since Oct 7 2009 when it was at 1,218.61 points.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 31
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Agmo's IPO oversubscribed 120.15 times
MyCC proposes RM46.36mil financial penalty on PPB's FFM
KPower receives approval for mixed housing project
Ringgit ends marginally higher against US dollar
Swift Haulage acquires Singapore-based Watt Wah Petroleum for RM5.17mil
TNG, Shell expects 200 shell stations to be equipped with TNG RFID solutions by year-end
MAHB, Capital A drop legal proceedings against each other
Sunway Resort completes phase one renovation project worth US$60mil
Hit by rising costs, Hup Seng Industries' profit falls 15%
FBM KLCI falls as investors brace for US inflation report; Hartalega tumbles

Others Also Read