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Tencent-backed Linklogis, Sunway to jointly seek Malaysia digital bank licence - sources

Tencent-backed Linklogis, Sunway to jointly seek Malaysia digital bank licence - sources
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Bursa dragged lower by extension of lockdown

KUALA LUMPUR (June 28): Bursa Malaysia opened the new week in negative territory as sentiment was affected by the extension of the movement control order 3.0 (MCO 3.0). At 9.05am, the benchmark FBM KLCI had slid 7.88 points to 1,551.80 from last Friday’s close at 1,559.68. The market bellwether opened 2.22 points lower at 1,557.46. The broader market saw losers outpacing gainers 328 to 99, while 241 counters were unchanged, 1,569 untraded and 42 others suspended. Turnover stood at 302.25 million units valued at RM126.49 million.   Malacca Securities said the local bourse may see another round of pullback following the extension of the nationwide lockdown as daily new Covid-19 cases remained above the 4,000 mark.

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