KUALA LUMPUR, June 24 — Bursa Malaysia ended the day lower as some investors were reluctant to take risks following the acceleration of Covid-19 cases globally. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI), however, managed to close above the crucial 1,500-point level on selective buying,...
At 5pm, the barometer index lost 4.41 points to 1,502.63 from yesterday’s close of 1,507.04. — Picture by Firdaus Latif
On the broader market, losers outpaced gainers 556 to 409, while 412 counters were unchanged, 554 untraded and 22 others suspended. AxiCorp global chief market strategist Stephen Innes said the weight of the Covid-19 headlines finally had a negative impact on markets. The Sarawak government and Petronas will settle their dispute over a RM2 billion state sales tax out of court, with the latter expected to withdraw its appeal at the Court of Appeal.
Among actives, Trive Property was flat at one sen, while AT Systematization and MQ Technology fell two sen each to nine sen and 4.5 sen respectively. Sector-wise, the Industrial Products and Services Index edged down 0.60 of-a-point to 135.49, the Plantation Index climbed 40.87 points to 6,775.41 and the Financial Services Index improved 12.81 points to 12,885.33.
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