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.