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KUALA LUMPUR: Consumer sentiment is likely to remain cautious for the remainder of the year due to the lingering impact of the Covid-19 outbreak, says Kenanga Investment Bank Research.
KUALA LUMPUR: Selling pressure accelerated on Bursa Malaysia on Wednesday as rising Covid-19 cases and the fallout on the economy saw the FBM KLCI close down at its lowest since June 26 while the ringgit weakened.
KUALA LUMPUR: Bursa Malaysia rose in early Thursday trade with Petronas Dagangan and Public Bank underpinning the FBM KLCI’s advance as investors took heart from the stronger overnight close on Wall Street.
KUALA LUMPUR: Bursa Malaysia gave up some of its previous day’s gains early Friday with Public Bank and Maybank weighing on the FBM KLCI as investors took profit.
PETALING JAYA: Like other sectors facing the brunt of the ravaging Covid-19, the consumer products sector is also one that has been impacted. Analysts expect to see recovery in the sector by next year with the Covid-19 vaccine hitting the market.
KUALA LUMPUR: Bursa Malaysia stayed in the red the whole of Monday as investors worried about the impact of fresh curbs imposed by the government to curb the spread of the Covid-19.
KUALA LUMPUR: The Covid-19 pandemic, political issues and the weaker close on Wall Street dampened investor sentiment early Wednesday with banks among the losers.
KUALA LUMPUR: Blue chips closed lower on Wednesday amid investors’ concerns about the on-going political issues and the halt in the Covid-19 vaccine trials.
KUALA LUMPUR: Worries about the rising Covid-19 infections and the impact on the economy continued to weigh on the equities market.