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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.
KUALA LUMPUR: Bursa Malaysia ended in negative territory today, dragged by selling in selected heavyweights including Petronas-linked companies.
KUALA LUMPUR: Bursa Malaysia stayed close to the 1,500-point level, but descended slightly amid ongoing concerns over the rising number of coronavirus infections in major economies.
The local bourse has already reached full valuation, but huge liquidity will help cushion downside
KUALA LUMPUR: Sentiment on the equities market continued to weaken on Thursday as an increase in the rate of coronavirus infections took the gloss off prospects of a speedy economic recovery.