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KLCI slips below 1,600 level as impact of expanded MCO weighs on sentiment


KUALA LUMPUR (Jan 21): The main index at Bursa Malaysia reversed its earlier gains and slipped to below the 1,600-point level at the midday break today as investors digested the impact of the expanded movement control order (MCO) restrictions, against the backdrop of firm regional markets.
At 12.30pm, the FBM KLCI dipped 3.37 points to 1,598.17. The index had earlier risen to a high of 1,615.22.
Losers led gainers by 471 to 239, while 751 counters traded unchanged. Trading volume was 3.85 billion shares valued at RM2.19 billion.
The top losers included Euro Holdings Bhd, Cymao Holdings Bhd, KESM Industries Bhd, PPB Group Bhd, PM Technology Bhd, Petronas Chemicals Group Bhd, Time dotCom Bhd, Genetec Technology Bhd and GHL Systems Bhd. ....

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KLCI remains lacklustre on reinstatement of MCO, proclamation of emergency


KUALA LUMPUR (Jan 12): The main index of Bursa Malaysia remained lacklustre today following the reinstatement of the movement control order (MCO) in several states.
Yang di-Pertuan Agong Al-Sultan Abdullah Ri ayatuddin Al-Mustafa Billah Shah today also consented to the proclamation of emergency until Aug 1, 2021 to contain Covid-19.
At 10am, the FBM KLCI had lost 10.77 points to 1,606.48.
Market breadth was negative with 511 losers and 321 gainers, while 393 counters traded unchanged. Trading volume was 1.88 billion shares valued at RM1.26 billion.
The decliners included Carlsberg Brewery Malaysia Bhd, Public Bank Bhd, PPB Group Bhd, Hong Leong Industries Bhd, Heineken Malaysia Bhd, Hong Leong Bank Bhd (HLB), KPower Bhd, UWC Bhd and Euro Holdings Bhd. ....

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