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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.
TWO months ago, this column wrote about how retailers were hooked to the stock market and that many would get their fingers burnt when the party ended.
KUALA LUMPUR: Bursa Malaysia came under selling pressure on Thursday as the key FBM KLCI closed below the crucial 1,500-level on blue-chip selling.
PETALING JAYA: The trading volume on Bursa Malaysia has ebbed from its record high with the end of the automatic loan moratorium.
PETALING JAYA: With the moratorium on bank loans ending at the end of this month, some selling pressure is expected on the horizon for the local stock market.
KUALA LUMPUR: Bursa Malaysia closed lower on Tuesday but the 30-stock FBM KLCI managed to stay above the key 1,500 level, underpinned by gains in Tenaga Nasional and Public Bank.
KUALA LUMPUR: The FBM KLCI pared some of its earlier losses but remained in the red, closing below the 1,500-mark.
PETALING JAYA: The growth rate of average selling prices (ASPs) for gloves is expected to slow in the coming months but that is not going to dissuade Top Glove Holding Bhd from committing RM8bil in capital expenditure for expansion over the next six years.
KUALA LUMPUR: Shares of Top Glove Bhd came under selling pressure late Thursday, falling to a low of RM8 despite its strong set of earnings, firm outlook and dividend as investors took profit.