Bursa Malaysia in red at close after two days of gains | Malay Mail

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KUALA LUMPUR, April 8 — Bursa Malaysia closed in the red, as investors pushed a pause button after recording gains for the past two days with sentiment turning negative on increased Covid-19 deaths and infected cases in emerging economies. At 5pm, key index FTSE Bursa Malaysia KLCI (FBM KLCI)...

Market breadth was negative with losers thumping gainers 617 to 316. ― Picture by Hari Anggara

The index opened 3.46 points weaker at 1,366.46 and moved between 1,358.20 and 1,367.16 throughout the day. The daily death toll from Covid-19 in the United States surpassed 1,800 as of Tuesday, which marked a new global high for the number of deaths linked to the pandemic in a single day. Sime Darby Plantation declined 29 sen to RM4.76, KLK erased 56 sen to RM20.70 and PPB gave up 42 sen to RM16.26. Altogether, they contributed 5.817 points to the losses in composite index.

Of the heavyweights, Maybank rose four sen to RM7.87, IHH added two sen to RM5.14, while Tenaga shed 26 sen to RM11.94 and Public Bank was eight sen weaker at RM15.82. Main Market volume narrowed to 3.99 billion shares valued at RM2.43 billion from 4.63 billion shares valued at RM3.02 billion on Tuesday.

 

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