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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. ....