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KUALA LUMPUR: Bursa Malaysia saw its trading volume surge to over five billion shares on Friday, the last trading day of February, as the FBM KLCI tumbled to the lowest since December 2011, battered by the Covid-19 and ongoing political turmoil.
HONG KONG (AP): Shares fell in Asia on Thursday (Feb 27) after President Donald Trump announced the US was stepping up its efforts to combat the virus outbreak that began in China, as the number of cases surpassed 81,000.
KUALA LUMPUR: Some nibbling of key stocks Public Bank and Petronas Chemicals helped nudge the FBM KLCI to the key 1,500 level early Thursday after the release of their results.
TOKYO (AP): Asian shares fell Wednesday (Feb 26) on growing fears the spread of Covid-19 may be unstoppable, hurting global growth considerably.
KUALA LUMPUR: The FBM KLCI broke below the psychologically 1,500-point mark on Wednesday as the country’s political uncertainty drags on, amid announcement by Interim Prime Minister Tun Dr Mahathir Mohamad to put aside all politics and concentrate on resolving country’s economic issues.
KUALA LUMPUR: The FBM KLCI retraced losses from earlier in the day as investors fished for bargains after the political turmoil that sent the market on a sharp decline earlier this week.
LONDON/TOKYO: Share prices around the world, particularly in Japan, took a hit Tuesday (Feb 25) amid mounting fears about the economic impact of the Covid-19 (coronavirus) outbreak. But an anticipated solid opening on Wall Street provided some hope that the current bout of selling might ease.
KUALA LUMPUR: Some mild buying of Tenaga Nasional, Maybank and IHH Healthcare on Tuesday after the selldown the previous day enabled the key FBM KLCI to close above the key 1,500 level.
PETALING JAYA: Warning sirens blared as the FBM Kuala Lumpur Composite Index (KLCI) fell to its lowest level since Dec 2011, while the ringgit posted its worst intra-day slump in more than three years.
SINGAPORE: A raft of new coronavirus cases in numerous countries outside China over the weekend has redoubled concerns about the ability of the illness to spread, and the potential economic impact.