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Fund managers cautious on the Malaysian stock market
The Chinese authorities’ move to clamp down on several economic sectors stunned the global investing community, exacerbating an already weakened outlook in regional equities due to the resurgence of Covid-19 infections.
KUALA LUMPUR: The local stock market ended July on a disappointing note as selling pressure picked up pace in late Friday trade amid a weak economic outlook while key Asian markets also closed lower.
KUALA LUMPUR: Sustained selling pressure on the final trading day of July saw the key FBM KLCI falling below the psychological important level of 1,500 in late afternoon on Friday.
KUALA LUMPUR: The FBM KLCI is en route to another day of losses, as political uncertainties compounded the negative sentiment caused by the ongoing Covid situation
KUALA LUMPUR: Bura Malaysia was set to end the last trading of July on a weak note as the broader market weakened and the FBM KLCI almost neared the critical 1,500 level in early Friday trade.
KUALA LUMPUR: Lim Seong Hai Capital Bhd (LSH Capital) made a stellar debut on the LEAP Market on Friday, opening at 26 sen or 13 sen above its offer price of 13 sen amid a weak broader market.
KUALA LUMPUR: Blue chips ended Thursday on a disappointing note amid the record high Covid-19 infections, the impact of restrictions on the economy while a key barometer Public Bank fell below RM4 for the first time after the bonus issue.
KUALA LUMPUR: The FBM KLCI looked set for another session of mild gains on Thursday as gains remained capped by the persistently high number of new Covid-19 infections in the country.