Market rally fizzles
PETALING JAYA: The local stock market has started the week in the red after a strong rally last week that saw the benchmark index, the FBM KLCI, surging more than 10% as the market anticipated the massive stimulus package by the government.
The weakness in the Malaysian equities was also in line with the regional markets that closed in the red after the United States’ stock market, the Dow Jones, fell more than 900 points last Friday.
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