KUALA LUMPUR: Public Bank, Maybank, IHH Healthcare and Sime Plantations dragged the FBM KLCI into the red at the close on Friday on rising Covid-19 cases and weaker commodity prices.
At 5pm, the KLCI was down 8.7 points or 0.53% to 1,627.01. Turnover was 5.85 billion shares valued at RM4.06bil. The broader market was mixed with 512 gainers, 571 losers and 480 counters unchanged.
The ringgit dipped 0.01% against the US dollar to 4.0370.
The recent surge in Covid-19 infections saw the government imposing a second round of Movement Control Order to curb the spread of the pandemic.
CGS-CIMB Equities Research estimates the daily economic losses due to the second round of Malaysia’s Movement Control Order (MCO), which takes effect from Jan 13 to 26, at RM750mil.
10:19 AM MYT
Shares on Bursa Malaysia fell on Tuesday on news about the state of emergency nationwide until Aug 1 as the government viewed this proactive measure as crucial to contain the Covid-19 pandemic.
KUALA LUMPUR: Shares on Bursa Malaysia fell on Tuesday on news about the state of emergency nationwide until Aug 1 as the government viewed this proactive measure as crucial to contain the Covid-19 pandemic.
Later in a live address to the nation on TV at 11am, Prime Minister Tan Sri Muhyiddin Yassin said there would not be a curfew during the period.
Ealier, At 10.10am, the FBM KLCI was down 17.28 points or 1.07% to 1,599.97. Turnover was 2.52 billion shares valued at RM1.62bil.
KUALA LUMPUR: Glove makers underpinned Bursa Malaysia’s advance in early Tuesday trade with demand for gloves continuing to be strong as global cases surpassed 90 million on Monday.