Wednesday, 08 Apr 2020 12:04 PM MYT
KUALA LUMPUR, April 8 ― Shares on Bursa Malaysia were lower at mid-morning amid investors’ concern over the increased death toll and higher new cases of Covid-19. At 11am, key index FTSE Bursa Malaysia KLCI erased 6.54 points or 0.47 per cent to 1,363.38 from 1,369.92 at yesterday’s close.Market breadth was negative with losers outpacing gainers 513 to 198, while 271 counters were unchanged, 938 untraded and 20 others suspended.Rakuten Trade in its note said heightened volatility on Wall Street aptly demonstrated the investors’ fragile confidence.
“Locally, we expect similar pattern to emerge with the immediate support of 1,350 to be re-tested today,” it said.
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