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KUALA LUMPUR: A sharp retreat in glove makers and banks led a fall on Bursa Malaysia after the stock exchange spent most of the morning session in positive territory.
KUALA LUMPUR: At lunch break, the FBM KLCI was up 25.5 points to 1,590.5 points, based on the reference price provided by Bursa Securities following some technical difficulties yesterday.
KUALA LUMPUR: Trading on the local stock exchange resumed at 9am on Friday after a halt due to a technical issue with the FBM KLCI falling 8.07 points, dragged by Top Glove.
KUALA LUMPUR: Shares of Top Glove Corporation Bhd, which are also listed on the Singapore Exchange, closed down more than 11%.
KUALA LUMPUR: A bounce on Bursa Malaysia fizzled by midday as the consolidation pressures on the market continued to grow.
KUALA LUMPUR: Selling of Public Bank and Hong Leong Bank weighed on the FBM KLCI early Monday, as Bursa Malaysia followed key Asian markets lower on the spread of the Covid-19 coronavirus but glove makers rebounded.
It leads to the survival of ‘zombie’ companies and gives false sense of comfort
KUALA LUMPUR: Glove makers closed lower on Friday on profit taking but Public Bank helped the FBM KLCI pare its losses amid a cautious broader market.
KUALA LUMPUR: The FBM KLCI ended the morning session unchanged after bouncing higher at the opening bell.