Bursa Malaysia's Energy Index, which tracks share prices of oil and gas related companies, had on Monday (Sept 26) fell more than 3%, the most among Bursa indices, after crude oil prices plunged about 5% to an eight-month low at below US$80 a barrel last Friday (Sept 23).
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PETALING JAYA: Major indexes in the region got off on a jittery start this week with renewed headwinds just days before the world takes a break for the festive season.
Most markets in the region took a beating as investors remained cautious and took profits due to a new “uncontrollable” Covid-19 strain which has sent the United Kingdom into an emergency lockdown that might see other nations following suit.
Not even the US$900bil stimulus package that was struck in the United States Congress managed to lift sentiment as recent developments cast dark clouds over the global economic recovery.
Bursa s Energy Index up the most as oil tops US$50 a barrel theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.