FBM KLCI fell 22.83 points or 1.54% to 1,459.81 from Friday’s close of 1,482.64. FMTNews BursaMalaysia
KUALA LUMPUR: Bursa Malaysia extended its losses to open lower today following the global equities meltdown after Wall Street’s downward performance last Friday.
Losers led gainers by 329 to 108 on the broader market with 150 counters unchanged, 1,411 untraded and 18 suspended.In a note today, Malacca Securities Sdn Bhd said investors had turned to risk-off mode after Wall Street fell to its biggest weekly declines since October 2008 last week due to escalating fears over Covid-19.
“For now, should the 1,480 level failed to defend, the next support will remain pegged at the 1,425 level. Any recovery stemming from bargain-hunting activities may keep short towards the 1,500-1,515 levels,” it added. Among the heavyweights on Bursa Malaysia, Maybank slipped 22 sen to RM8.20, Public Bank erased 74 sen to RM16.36, IHH eased four sen to RM5.66 and CIMB was 13 sen lower at RM4.69 while Tenaga was 18 sen better at RM12.28.
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