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KUALA LUMPUR: Following the FBM KLCI s advance in yesterday s trading, the morning started with profit-taking activity weighing on the index. While there was some positive price action in the glove sector led by Kossan, which had announced estimate-beating earnings, there was a broad-based retreat on the market. At 9.04am, the FBM KLCI was down 2.98 points to 1,604.98 as the market remained locked in a sideways trading motion. With investor sentiment dragged down also by the negative performance on Wall Street overnight, the market looks likely to turn back towards the 1,600-point mark. However, Malacca Securities Research says the local bourse may be supported by buying interest in high earnings certainty stocks ahead of the earnings season. ....
At 12.30pm, the key index was down 6.27 points to 1,601.3. In Japan, investors sold down on equities as a jump in new infections in Tokyo and Osaka raised the likelihood of lockdown in the cities and their surrounding areas. The Nikkei dropped 1.8% amid fears the economic recovery would be derailed. South Korea s market shared a similiar negative sentiment and fell 1.6%. China s main index managed to eke out a 0.15% gain although Hong Kong s Hang Seng was down 1.6%. Back home, glove counters were mostly higher following Kossan s record earnings performance and expectations that the average selling prices of gloves would continue to rise. ....
Bursa Malaysia pulls back to end lower amid Covid-19 concerns | Money malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
Tuesday, 20 Apr 2021 09:45 AM MYT At 9.05pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 5.04 points to 1,595.25 compared to yesterday s close of 1,600.29. ― Picture by Hari Anggara Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 20 ― Bursa Malaysia fell back into the red today after a slightly higher opening amid market concerns over daily Covid-19 confirmed cases staying above the 2,000 level for the fifth consecutive day. At 9.05pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 5.04 points to 1,595.25 compared to yesterday s close of 1,600.29. The barometer index opened 0.14 of-a-point higher at 1,600.43. The overall market breadth remained negative with losers outpacing gainers 247 to 153, while 282 counters were unchanged, 1,484 untraded and seven others suspended. ....
At 12.30pm, the key index was up 3.92 points to 1,604.11. Global markets were weighed down by a negative performance on Wall Street overnight amid a sell-off in tech counters. On Bursa Malaysia, fears of rising new Covid-19 infections threatened raised fears over another round of tightening restrictions. While investors picked up on bargains headed into midday, the market remained trapped within a sideways trajectory, hovering near the 1,600 psychological level. Axiata moved 12 sen higher to RM3.91, leading the market higher. Maybank also gained five sen to RM8.33 and MISC was up 13 sen to RM6.81. Glove counters were in the red. Top Glove lost six sen to RM5.40 and Hartalega ....