Major selloff on Bursa as investors take profit


The FBM KLCI failed to maintain its position at the 1,400-point mark it achieved on Friday after taking a 31.39-point or 2.22% plunge yesterday to 1,381.73 points.

PETALING JAYA: A double whammy in the market sent the local bourse into a bloodbath as investors took profit from a spectacular two-day rally.

The market saw a major selloff yesterday amid fears over the impact of the steep plunge in US light crude oil prices to historic low around sub-zero level.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Bursa , selloff , Maxis , FBM KLCI ,

   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read