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Rising Covid-19 cases and uninspiring Wall Street weighed on investor sentiment on Bursa Malaysia early Wednesday.
India’s foreign-exchange market is getting roiled after the government told state-run banks to protect their dollar deposits due to a tax dispute.
Glove makers dragged the FBM KLCI deeper into the red in early Thursday trading.
Bursa Malaysia started Friday on a cautious note in the absence of strong buying catalysts from funds while glove makers managed to stage a rebound amid the spreading Covid-19 pandemic.
KUALA LUMPUR: The FBM KLCI fell 0.89% over the week to settle at 1,587.45 points amid continued foreign fund selling on Bursa Malaysia.
Blue chips edged up slightly in early Monday trade, with Petronas Dagangan, Hong Leong Bank and KL Kepong among the top gainers.
Bursa Malaysia extended its losses early Tuesday with tech and chip makers following the retreat of the Nasdaq on Wall Street while buying interest was curbed as all of Malaysia will come under the MCO from Wednesday.
MUMBAI: Investors in India’s US$2.8 trillion (RM11.53 trillion) equity market are underestimating the economic impact from the world’s worst coronavirus outbreak, which will delay any recovery and could trigger a “correction” in stocks, according to the country’s top-performing fund manager.
Public Bank and Hong Leong Bank helped shore up the FBM KLCI in early Wednesday trade but again the broader market was cautious as the MCO 3.0 came into effect throughout the nation.
KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia slowed over the previous week to RM108.1mil due to the trading week being shortened for the Raya break.