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KUALA LUMPUR: Bursa Malaysia was generally in the red on Friday as investors were given a jolt that a state of emergency was expected to be announced later in the day.
KUALA LUMPUR: Public Bank and selected glove stocks helped the FBM KLCI to eke out slim gains early Friday while semiconductor and tech related counters were mostly higher..
As local interest picks up, foreign selling is also increasing
KUALA LUMPUR: Profit taking of glove makers accelerated in the afternoon session especially for Top Glove and Hartalega and sent the key FBM KLCI below the crucial 1,500 level.
KUALA LUMPUR: Bursa Malaysia slipped into negative territory at midday on Tuesday as glove stocks shed recent gains due to profit taking but technology and semiconductor stocks provided some respite.
KUALA LUMPUR: As the political scenario heats up and the Covid-19 pandemic continues, market sentiment remained cautious on Bursa Malaysia except for selected counters like Mah Sing and FGV Holdings due to recent corporate announcements.
KUALA LUMPUR: Plantations fell in Friday afternoon trade, with PPB Group, KL Kepong and IOI Corp among the top losers though crud epalm oil (CPO) for third month delivery held steady.
KUALA LUMPUR: The FBM KLCI extended its slide, en route to its lowest closing in the week, as stocks retreated on continued consolidation pressure.
KUALA LUMPUR: Worries about the rising Covid-19 infections and the impact on the economy continued to weigh on the equities market.